790 Million Tenge Pyramid Scheme Busted in Semey

Semey Pyramid Scheme Nets 790 Million Tenge: Authorities in Semey, Kazakhstan, have cracked down on a financial pyramid scheme that defrauded 350 people of over 790 million tenge. The scheme, operating under the name Rakhat0425, lured victims with promises of high returns on investments falsely linked to government contracts. "They promised up to 30% dividends," said one victim who wished to remain anonymous. Investigators uncovered a complex web of transactions, with some victims even handing over their apartments at drastically reduced prices. These properties were then transferred to shell companies. Two suspects have been arrested, and a third is under house arrest. The investigation is ongoing, and authorities are working to recover the stolen funds and bring those responsible to justice. This case serves as a stark reminder of the dangers of unregulated investment schemes.