Kazakh court sentences Amanat Drive pyramid leaders to eight years

September 3, 2026 at 05:00 AM2 min

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A court in Konaev sentenced Amanat Drive financial pyramid leader Shuken K.K. to eight years in prison and accomplice Uratbek M.S. to one year. The scheme attracted about 8,000 depositors and collected over 21 billion tenge. The court also confiscated two apartments and three Lexus cars purchased with stolen funds.

Key Facts

The Amanat Drive pyramid attracted about 8,000 depositors and collected over 21 billion tenge.
Shuken K.K. was sentenced to eight years in prison, and Uratbek M.S. to one year.
More than 1.8 billion tenge was laundered through three controlled companies: Allo, ne kerek LLP, I M@RKETING LLP, and Gold Sapa Premium LLP.
Over the past three years, 23 pre-trial investigations into financial pyramids in Almaty region identified over 12,000 victims and 58 billion tenge in damages.

The Scheme

The Amanat Drive pyramid offered depositors 0% mortgages, housing, and cars in installments without overpayment to attract new participants. Organizers created a multi-level scheme using controlled legal entities as fictitious suppliers of advertising, analytics, and price forecasting services. Through sham contracts, more than 1.8 billion tenge was withdrawn and cashed out via Allo, ne kerek LLP, I M@RKETING LLP, and Gold Sapa Premium LLP.

Convictions and Asset Seizure

The Konaev city court sentenced Shuken K.K. to eight years in prison and Uratbek M.S. to one year. The convicted individuals spent part of the collected funds on two apartments and three Lexus cars, registered to trusted persons to avoid confiscation. The court confiscated this property to the state, and the sentence has not yet entered into legal force.

Regional Pyramid Crackdown

Over the past three years, Almaty region conducted 23 pre-trial investigations into financial pyramids including Amanat Home, Amanat Drive, Asar Baspana, FS, AIF, HRT, and Charhomi. More than 12,000 citizens were recognized as victims, with total damages of 58 billion tenge. Most of these pyramids were officially registered as consumer cooperatives, and some disguised themselves as investment projects, educational platforms, or network marketing. To hide the origin of illegally obtained money, criminals transfer it to cryptocurrency, and social networks and messengers are one of the advertising channels for financial pyramids.