Pseudo-owner of a large company cozens acquaintances appropriating $298,000

A Tashkent resident appropriated $298,000 received from his acquaintances for equity participation in big business, the press service of the Ministry of Internal Affairs reports.

“In March 2018, citizen Kh. U., who lives on Samarkand Darvoza Street, entered into the trust of his acquaintances Z. A., I. A.  and Kh. A. He introduced himself as the owner of a large company and if they also want to have a profit, they must contribute $100,000 each,” the Interior Ministry noted.

The fraudster promised the new shareholders a monthly profit of $20,000.

To do this, from March to April 2018, the lawbreaker borrowed $100,000 from two acquaintances, and $98,000 from the other one.  As a result, the pseudo-entrepreneur did not fulfill his promise and spent money on his personal needs.

As a result of the measures taken, Kh. U. was detained. On this fact, a criminal case has been initiated. An investigation is underway.