Disgruntled savers from "Garante 24 Lombard" and "Vidny Loan" call for a transparent probe into their mismanaged funds
In the heart of Kazakhstan, the investigations into the financial pyramids "Guarant 24 Lombar" and "Profitable Loan" remain a topic of interest, yet specific details about their current status are scarce. Searches yield no concrete information on the progress of these investigations, wanted individuals, or the total losses incurred by investors.
Typically, updates on such investigations are disseminated through press releases from the Agency for Financial Monitoring of Kazakhstan (Financial Police) or the Kazakh Ministry of Internal Affairs. These schemes often lead to enforcement actions, involving criminal probes, arrests of scheme administrators, and asset freezes. However, without recent and explicit official statements, it is challenging to confirm the current investigation status or provide updated figures on investor losses.
For those seeking precise and up-to-date information on these pyramid schemes, it is recommended to:
- Check announcements from the Agency for Financial Monitoring of Kazakhstan (Financial Police) or the Kazakh Ministry of Internal Affairs.
- Follow credible local news media reports or official statements from the General Prosecutor's Office of Kazakhstan.
- Review updates from Kazakhstan’s National Bank or financial watchdog entities that oversee fraudulent financial activities.
In the ongoing saga, several key developments have emerged. Regional directors of the 3 lombards in Almaty have been arrested and remanded in Almaty. The criminal case against "Guarant 24 Lombar" is complete, with 51 individuals under investigation. The total damage to investors is estimated at 22 billion tenge. Interpol has joined the manhunt for the five masterminds still at large.
The flow of trusting citizens eventually runs out, causing these financial pyramids to cease to exist. Over 18,000 Kazakhstanis have filed complaints with the police about the scammers. Nurlan Ashimov, a 46-year-old Kazakhstani, invested 10 million tenge in the scam, losing his savings and even selling his apartment as a result.
Dmitry Akmaev, the main specialist of the department of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan, has warned that yields higher than what the market offers are technically unfeasible. He emphasises that financial pyramid schemes carry significant risks. Unlike the stock market, where investors are warned about potential risks, in financial pyramids, the company guarantees returns, a promise that often leads to disappointment.
As the investigation continues, it is crucial for investors to remain vigilant and seek information from reliable sources. The investigative department in Aктоbe is handling the case, with the hope that justice will be served and those responsible will be brought to light.
In line with Dmitry Akmaev's warning, it is essential for investors to be cautious and rely on credible sources. Investors should keep an eye on announcements from the Agency for Financial Monitoring of Kazakhstan (Financial Police), the Kazakh Ministry of Internal Affairs, and the General Prosecutor's Office of Kazakhstan for updates on the status of the "Guarant 24 Lombar" and "Profitable Loan" investigations. Moreover, the arrest of regional directors, the ongoing criminal case against "Guarant 24 Lombar," and the total damage estimate of 22 billion tenge highlight the need to stay informed about the ongoing investigations in the world of business and finance.
