A resident of Shymkent has been convicted of investment fraud totalling more than 35 million tenge. The court established that the defendant solicited money from citizens, promising to multiply their investments through participation in public procurement, but in fact spent the funds received on gambling.
According to the press service of the court, in January of this year, the defendant posted false advertisements on her Instagram page. In the posts, she claimed that she was capable of increasing the funds invested by clients by participating in tenders and public procurement.
In reality, the woman used the money obtained from citizens to participate in gambling. As a result, the victims suffered property damage totalling 35,419,000 tenge.
The defendant fully admitted her guilt, expressed remorse for her actions, and asked the court for leniency.
The court found the woman guilty under paragraph 4, part 3 of Article 190 of the Criminal Code of the Republic of Kazakhstan (“Fraud”) and sentenced her to 4 years and 6 months of imprisonment.
Taking into account the application of the Law of the Republic of Kazakhstan “On Amnesty”, the final term of punishment was reduced by one third — to 4 years of imprisonment. Due to the fact that the convicted woman has four children under the age of 14, the execution of the sentence was suspended for five years. The court fully granted the civil claims of the victims.