14 Million Tenge Lost: Financial Pyramid Scheme Busted in North Kazakhstan

Financial Pyramid Scheme Defrauded Investors in North Kazakhstan. A financial pyramid operating in North Kazakhstan between 2022 and 2023 has been shut down. Four individuals lost approximately 14 million tenge. According to Zhansaya Salim, an investigator with the regional economic investigation department, "The company was not registered in Kazakhstan, and they operated without the necessary banking licenses." Authorities are pursuing legal action against those responsible, with potential sentences ranging from 3 to 7 years. The incident serves as a reminder of the importance of financial awareness and caution when dealing with investment opportunities.