A woman suspected of organizing the World Business Consulting financial pyramid has been detained in Georgia and extradited to Kazakhstan, according to the website infohub.kz.
The Agency for Financial Monitoring (AFM) said its capital city department completed an investigation into the creation and management of a financial pyramid unit. According to the investigation, in 2020 the suspect collected money from citizens under the guise of investment programs promising high returns. The company had no license and carried out no actual investment operations.
"Funds were collected in cash without accounting documentation. To appear legitimate, investors were given personal accounts on an online platform showing fake 'returns'. The money was redistributed on a pyramid principle—payments to earlier participants were made from new investors' contributions. To expand the client base, presentations and promotional events were used, along with trips to the United Arab Emirates and Turkey," the AFM said.
The agency noted that the scheme was stopped at an early stage. In 2024, the suspect was placed on an international wanted list, and a court ordered her pretrial detention in absentia. In January 2026, she was detained in Georgia and extradited to Kazakhstan. A court has seized her land plot. The criminal case has been sent to court. No further information may be disclosed under Article 201 of the Criminal Procedure Code.