Following the pre-trial investigation, the department has pressed charges against the individual responsible for creating and managing this illicit financial pyramid. The charges include attracting clients through property trust management agreements and loan agreements, with the requirement of paying 10% of the invested amount. The perpetrator has already been apprehended as a preventive measure.
Promising monthly payments to the participants, the investors soon discovered that they had fallen victim to a deceitful scheme. Subsequently, clients of Dream Capital suffered losses exceeding 1 billion tenge ($2.2 million).
The Department of the Financial Monitoring Agency has now forwarded the criminal case to the court system, with the date for the first hearing yet to be scheduled.
In a separate incident, two individuals from the capital city, Astana, have previously been convicted for operating an illegal cryptocurrency exchange.