Swindlers operating financial pyramids have duped Kazakhstan's citizens for more than 1 billion tenge.
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Financial pyramids Questra World, Questra Holding, Atlantic Global Asset Management, and Five Winds Asset Management, active in Kazakhstan between 2016 and 2017, racked up over 1 billion tenge in damages, according to Almaty.tv, citing zakon.kz.
At a recent briefing, MVD RK representative Nurdil Oraz shared that investigations are underway against numerous Kazakhstani and foreign citizens associated with these operations.
The unsuspecting thousands of Kazakhstanis, lured by these schemes, ended up shoulder-deep in losses exceeding 1 billion tenge.
Although details about the individuals behind these pyramids remain scarce, these organizations were part of a global network of similar fraudulent ventures that thrived in various regions, including Kazakhstan, during this period. Typically, these schemes dangled the promise of unusually high returns and relied heavily on recruitment rather than sustaining themselves through legitimate investments.
So, if you're curious to learn more about the individuals involved or the current status of the investigations, digging through local media, official reports, and international news sources might be your best bet. Court documents and public records related to these cases could also provide a wealth of information, though obtaining such information will require some legwork.
- The asset management companies, such as Questra World, Atlantic Global Asset Management, and Five Winds Asset Management, have been associated with significant financial losses totaling over 1 billion tenge in Kazakhstan.
- The recent briefing by MVD RK representative Nurdil Oraz revealed that investigations are ongoing against both Kazakhstanis and foreign individuals linked to these asset management firms.
- Thousands of Kazakhstanis have reportedly been impacted by these pyramid schemes, incurring losses exceeding 1 billion tenge.
- General-news and crime-and-justice sources suggest that these asset management firms were part of an international network of fraudulent ventures, promising unusually high returns and relying on recruitment rather than legitimate business practices.
- To stay updated on the identities of individuals involved and the progress of investigations, one can turn to local media, official reports, and international news sources, as well as sift through court documents and public records related to these schemes.
