The Prosecutor-General’s Office says it is looking for managers of pyramid-scheme firm Tozakor LLC, which has reportedly defrauding more than 300 people in Dushanbe as well as in Khatlon and Sughd provinces.
Criminal proceedings have been instituted against several persons involved in creating this pyramid-scheme firm, according to the Prosecutor-General’s Office press center.
The investigation has reportedly established that members of this organized criminal group introducing themselves as representatives of foreign company Affinage Ltd, which allegedly cooperates with companies producing gold, oil, natural gas and other mineral resources.
Promising high interest rates, they defrauded more than 300 people collecting a total of 150,000 U.S> dollars from them, the Prosecutor-General’s Office press center said, noting that two members of that organized criminal group have been detained today.
Meanwhile, a pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.
