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A popular Ponzi scheme is named in Kazakhstan

Modern pyramid schemes can hide behind betting companies by actively encouraging clients to make supposedly win-win bets, writes Fingramota.kz.
A popular Ponzi scheme is named in Kazakhstan

An official bookmaker always has a license for its activities and issues a cashier’s or electronic receipt and a bet confirmation coupon, when placing bets. Though fraudulent organizations do not have an official license, and often they send “fictitious” checks through instant messengers.

The organizers of pyramid schemes also use various “affiliate programs” offering their participants to receive a high income not so much from the results of sporting events but from how many people you specifically bring to make bets. For instance, you have to invest a certain amount and additionally attract at least two active clients, for whom you will receive certain dividends. As a result, the pyramid scheme will actively develop at the expense of new “investors”.

Investments in dubious projects are the current type of Ponzi scheme in 2024. Its scheme is as follows: on the Internet you are offered to invest in a highly profitable online project. The difference from a simple scheme is that you do not have to attract new participants. You are asked to deposit a certain amount and after the launch of the project they promise an extremely high return. However, after collecting a considerable amount of money the organizers of such a scheme simply close the project and disappear. Later they launch mass advertising of the new project and so on in a circle.

Source: https://fingramota.kz/ru/news/post/finansovye-piramidy-v-sovremennyh-realiyah-chto-novogo-pridumyvayut-ih-organizatory

Photos are from open sources.

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