“A pre-trial investigation against a group of persons, on the fact of creation and management of the financial (investment) pyramid Sax Invest, is being conducted by the Financial Monitoring Agency (AFM) in Astana. (…) For the period from January 2018 to 2022, the number of involved investors amounted to more than 3 thousand persons with a turnover of $18 million (almost T9 billion),” the AFM reported.
As noted, the company positioned itself as an investment fund, but the promised dividends (from 2-3% monthly) were paid to participants only by attracting funds from new investors.
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