(6 February 2026 | Source: press service of the Almaty City Prosecutor's Office)
The investigation into one of the largest pyramid scheme cases in Kazakhstan has been completed. The case of ‘Asar Baspana’, which operated under the guise of a consumer cooperative and covered almost the entire country, has been sent to court for consideration.
HOW THE SCHEME WORKED
According to the Department of Economic Investigations, the financial pyramid ‘Asar Baspana’ operated throughout Kazakhstan in 2023–2025. The organisation positioned itself as a consumer cooperative, which allowed it to attract citizens without the formal characteristics of an investment company.
As a result, more than 90,000 people were involved in the structure's activities. The total amount of invested funds, according to the investigation, exceeded 25 billion tenge.
WHAT THE INVESTIGATION ESTABLISHED
Investigative authorities indicate that in many cases, funds were cashed out through controlled accounts of individual entrepreneurs. These funds were then used by the organisers for personal purposes.
It is specifically noted that no records of incoming and outgoing funds were deliberately kept, which, according to the investigation, made it difficult to trace financial flows and conceal possible traces of crimes.
WHAT STAGE THE CASE IS AT
The investigation has been completed, and the criminal case has been sent to court. Information on the number of accused, the classification of charges, and possible penalties is not provided in the official statement. Final legal assessments will be made by the court after the case is reviewed on its merits.
The Almaty City Prosecutor's Office urged citizens to remain vigilant and not to trust promises of quick and guaranteed income.