The Department of the Financial Monitoring Agency (AFM) in Shymkent has shut down the activities of the financial pyramid scheme «Ansar Gold».
According to the press service of the agency, the suspects presented themselves as a company selling jewellery and promised investors a monthly income of 40-60% of the invested amount over 5 months. In addition, they guaranteed the preservation of the initial capital.
However, in reality, payments were not made from sales profits, but from new investors. As a result, over 200 participants were drawn into the financial pyramid scheme, investing more than 400 million tenge.
Furthermore, the suspects recruited relatives, using their bank cards to cash out money received from other participants in the scheme.
The organisers of the financial pyramid scheme have been taken into custody. Their car and residential house have been seized.