In Almaty, the investigation into the alleged financial pyramid scheme "Boxy Wealth" has been completed. According to the investigation, dozens of citizens invested in the project, and the total damage exceeded 110 million tenge.
HOW THE SCHEME WORKED
The investigation was conducted by the Department of the Agency for Financial Monitoring (AFM) of the city of Almaty. The investigation established that the suspect managed a structural subdivision of the project within the city for a year.
The project operated through the website www․boxywealth․com, as well as through messengers, including the chat "Күнделікті табыс". Initially, users were offered information about consumer goods, but later they were drawn into an investment platform.
HOW THE FUNDS WERE MOVED
The investigation indicates that cash was received through the bank accounts of individuals (so-called 'droppers'). The money was then converted into cryptocurrency using P2P transactions.
To build trust, according to the investigation, a company was registered, an office was set up, and an advertising campaign was conducted. Potential investors were shown indicators of alleged profitability and were also provided with consultations.
HOW MANY PEOPLE WERE AFFECTED
As a result, the AFM reports, 78 people invested more than 110 million tenge in the project.
According to the investigation, funds were raised through the purchase of investment packages with a promised return of 5% to 10% per day. Additionally, a referral system was in place with bonuses for attracting new participants.
WHAT MEASURES HAVE BEEN TAKEN
The suspect is currently in custody. By court order, a plot of land belonging to her in Almaty has been seized.
The criminal case has been sent to court; no further information is disclosed in accordance with Article 201 of the Criminal Procedure Code of the Republic of Kazakhstan.
RECOMMENDATIONS FROM THE AGENCY
The AFM urges citizens to verify the legality of investment projects, assess the reliability of information, and confirm the lawfulness of companies' activities before investing funds.