Criminals organizing a financial pyramid and deceiving 231 people convicted in Kashkadarya

According to the press service of the Kashkadarya regional prosecutor's office, citizen Sh.A. and his accomplices organized a financial pyramid and appropriated 13 billion 700 million soums from 231 citizens.

“They urged people to invest $1,000 in a ‘foreign company’ called Nasdaq Unique Finance (which did not even have a legal address) and promised a profit of 6 percent per month by allegedly buying shares of famous companies. 231 citizens fell into the trap of fraudsters, from whom the criminals received 13.7 billion soums. The court considered the criminal actions of these persons and applied measures of criminal liability to the perpetrators,” the report says.

The court sentenced Sh.A. and one of his accomplices to 10 years in prison, another member of the group was sentenced to 8 years and one received 6 months of imprisonment.