The Department of the Financial Monitoring Agency for the Mangistown region of the Republic of Kazakhstan has completed an investigation into the organizer of a financial pyramid that offered investments in cryptocurrency under the guise of Dream Capital LLP.
Based on the results of the pre-trial investigation, the department brought charges of creating and managing a financial pyramid, attracting clients on the basis of property trust management agreements and loan agreements with the condition of paying 10% of the invested amount. Law enforcement officials name the organizer, but clarify that a preventive measure has already been chosen for him in the form of detention.
Payments to the participants of the pyramid were promised on a monthly basis, but in fact the investors very quickly realized that they had been deceived. As a result, Dream Capital clients suffered damages amounting to more than 1 billion tenge ($2.2 million).
The Department of the Financial Monitoring Agency sent the criminal case to court. The first meeting has not yet been scheduled.
Based on the results of the pre-trial investigation, the department brought charges of creating and managing a financial pyramid, attracting clients on the basis of property trust management agreements and loan agreements with the condition of paying 10% of the invested amount. Law enforcement officials name the organizer, but clarify that a preventive measure has already been chosen for him in the form of detention.
Payments to the participants of the pyramid were promised on a monthly basis, but in fact the investors very quickly realized that they had been deceived. As a result, Dream Capital clients suffered damages amounting to more than 1 billion tenge ($2.2 million).
The Department of the Financial Monitoring Agency sent the criminal case to court. The first meeting has not yet been scheduled.
