Projects with pyramid red flags

In the U.S., the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against former pastor Francier Obando Pinillo, accusing him of organizing the Solanofi crypto scheme, which exhibits characteristics of a Ponzi/MLM scheme.

According to the regulator, the project raised at least $5.9 million from more than 1,500 investors, including members of his church.

This is how scams protect themselves from the truth!

The Almaty City Department of the Financial Market Agency has concluded its investigation into the establishment and operation of the “Boxy Wealth” pyramid scheme. The estimated losses amount to 110 million tenge.

The Almalinsky District Court of Almaty found A.A. Suleimenov guilty of promoting and advertising the GPIBS pyramid scheme.

The court sentenced him to two years in prison and banned him from holding management positions or engaging in activities within financial and commercial organizations.

The case involved 90 victims, with total damages amounting to 181,878,966 tenge.

The Central Bank of Russia has added the Huage/Lemon Mall project to its list of organizations exhibiting signs of a pyramid scheme.

The Financial Market Agency in Almaty has concluded its investigation into the NBC TV pyramid scheme.

The project attracted investors through its website and WhatsApp, promising income for watching videos and bonuses for inviting new participants.

The money was converted into cryptocurrency and transferred to anonymous wallets. Cryptocurrency worth 528.5 million tenge has been seized, and the case has been referred to court.

According to reports from subscribers, the “NBC” and “Morita Forestry” schemes, which exhibit signs of being pyramid schemes, have ceased communication and stopped making payments.

Investors are advised to file a report with the Department of Economic Investigations in their area of residence.