Hundreds of Kazakhs Defrauded in Astana Pyramid Scheme Selling iPhones at Low Prices

Hundreds of Kazakh citizens were defrauded by the WYP.KZ pyramid scheme in Astana, which promised iPhones and other electronics at below-market prices. The scheme collapsed, leaving victims with losses totaling 216 million tenge. Authorities have shut down six such schemes this year.

Read the full article at Stan.kz →

Headline and summary written by daryo. The full report belongs to Stan.kz.