Projects with pyramid red flags
Projects with signs of financial pyramid schemes, including those under pre-trial investigation by law enforcement authorities.
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.
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This is how scams protect themselves from the truth!
The Almaty Department of the Agency of the Republic of Kazakhstan for Financial Monitoring (AFM RK) has completed its investigation into the creation and management of the "Boxy Wealth" pyramid scheme. The total damage is estimated at 110 million tenge.
The Almaly District Court of Almaty found A.A. Suleimenov guilty of promoting and advertising the GPIBS pyramid scheme.
The court sentenced him to two years of imprisonment and prohibited him from holding managerial positions and engaging in activities in 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 showing signs of a pyramid scheme.
The Almaty Department of the Agency of the Republic of Kazakhstan for Financial Monitoring (AFM RK) has completed its investigation into the NBC TV pyramid scheme.
The project attracted investors through a website and WhatsApp, promising income for watching videos and bonuses for recruiting new participants.
The funds were 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 projects "NBC" and "Morita Forestry", which display signs of pyramid schemes, have stopped responding and making payouts.
Investors are advised to file a statement with the Department of Economic Investigations at their place of residence.
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