Pavlodar court convicts HAS pyramid organizer who took 3 billion tenge from 515 people
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A court in Pavlodar has convicted the organizer of the HAS financial pyramid, which collected about 3 billion tenge from 515 citizens. The organizer received a prison sentence, and other group members were given various penalties. Confiscated assets included apartments and land in Astana and Pavlodar, 18 cars, and more than 300 million tenge.
Key Facts
- The organizer of the HAS pyramid was convicted and sentenced to imprisonment, while other participants received various penalties.
- Initially, 376 victims transferred over 2 billion tenge to the pyramid participants.
- A further 139 victims were later identified, with damages of 882,854,500 tenge.
- The court confiscated land plots and apartments in Astana and Pavlodar, 18 cars, and more than 300 million tenge in cash.
- The total number of victims reached 515, with total damages of about 3 billion tenge, part of which has been returned.
The Scheme
In 2022–2023, a native of the North Kazakhstan region organized a criminal group from acquaintances living in Astana and Pavlodar region. The group attracted funds from residents of Astana, Almaty, Pavlodar, Ekibastuz, and other cities. Investors were promised up to 70% profit in a short period. Money was collected through companies such as Upgrade-AS, Holding AS, HAS-Logistic, and light-AS. Participants were also required to buy goods in an affiliated store, and a 5% commission was paid for attracting new investors.
Court Rulings
The organizer was found guilty and sentenced to imprisonment. Other group members received various types and terms of punishment. The court confiscated criminally acquired property, including land plots and apartments in Astana and Pavlodar, 18 cars, and more than 300 million tenge. The sentence entered into legal force.
Additional Victims
During further investigation, another 139 victims were identified, with damages of 882,854,500 tenge. A new criminal case was sent to court after collecting the necessary evidence. The state prosecutor proved the criminal scheme and the damage caused to citizens. In total, the rights of 515 citizens were protected, and part of the funds has been returned to victims.
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Pavlodar court convicts HAS pyramid organizer who took 3 billion tenge from 515 people
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