Organizer of Asar Baspana Financial Pyramid Sentenced to Eight Years

The organizer of the Asar Baspana financial pyramid, which defrauded approximately 90,000 citizens and collected 25 billion tenge, has been sentenced to eight years in prison. Three other organizers received seven-year sentences. The scheme promised investors up to 30% monthly returns, but investigators found they were misleading participants. Assets totaling 5.6 billion tenge will be used to compensate victims.

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