The suspect in the case of creating and leading a structural unit of the ‘World Business Consulting’ financial pyramid has been extradited to Kazakhstan from Georgia. The criminal case has been sent to court, and a land plot belonging to the suspect has been seized.
WHAT IS KNOWN ABOUT THE CASE
The Department of the Agency for Financial Monitoring (AFM) for the city of Astana has completed an investigation into the creation and management of a structural unit of the ‘World Business Consulting’ financial pyramid.
According to the investigation, in 2020 the suspect solicited funds from citizens under the pretence of participation in investment programmes, promising high returns. The company did not hold the relevant licence and did not actually carry out any investment activity.
The investigation also believes that funds were accepted in cash without any accounting documentation. To create the appearance of legitimate activity, investors were given personal accounts on an online platform showing fictitious returns.
HOW THE ALLEGED SCHEME OPERATED
According to the AFM, the funds received were redistributed on a pyramid scheme basis: payments to earlier participants were, according to the investigation, made using the money of new investors.
To attract new participants, the agency said, presentations, promotional events, and trips to the UAE and Turkey were used.
The AFM reported that the scheme was stopped at an early stage of implementation.
EXTRADITION AND INVESTIGATION
In 2024, the suspect was placed on the international wanted list. A court authorised her pre-trial detention in absentia.
In January 2026, the woman was detained in Georgia and subsequently extradited to Kazakhstan. By court order, a land plot belonging to her has been seized.
The criminal case has now been sent to court. No further information is disclosed in accordance with Article 201 of the Criminal Procedure Code of the Republic of Kazakhstan.
WHAT DATA THE AFM PROVIDED
According to the AFM, since the beginning of 2026, 15 financial pyramids have been dismantled. To compensate victims for damages, assets belonging to the organisers totalling 662 million tenge have been seized.
Furthermore, 22 chat groups on social networks, which had more than 25,000 members, have been proactively blocked. In the ‘Cyber Surveillance’ system, 1,100 websites and accounts showing signs of illegal content have also been blocked.
