Are you offered to invest money at very high interest rates? Do they promise a guaranteed income and ask to actively involve your friends in the project?
Be careful, this organization may turn out to be a pyramid scheme! The peculiarity of the pyramid scheme is the promise of quick and easy money.
It should be remembered that financial pyramids do not belong to the financial institutions and do not have a regulatory license to accept deposits, open and maintain bank accounts of the individuals, and, accordingly, are not controlled by the financial regulator - Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market.
The main signs of a financial pyramid:
More than 30 countries are banned from pyramid schemes. Including in Austria, Great Britain, France, Canada, Italy, China, United Arab Emirates.
The Republic of Kazakhstan provides for:
Entry into a pyramid scheme, as a rule, occurs on a voluntary basis and without legal support. This means that no one gives any guarantees for the return of invested funds. Therefore, do not succumb to provocations if you are in a hurry to sign a contract and deposit money as soon as possible.
If you have suspicions that you have contacted a pyramid scheme, you must:
The official website of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has published a list of persons who have signs of activity to attract money from citizens and organizations, with the promise of payment of guaranteed income (property benefits), including the actions of which citizens have received complaints from the ARDFM.
Also on the official Internet resource of the Financial Monitoring Agency of the Republic of Kazakhstan, an expanded list of organizations that are suspected of operating as a financial pyramid has been published, as well as for which court verdicts have already been passed.
The three stages of the pyramid's life:
The first is the creation of a financial pyramid. As a rule, the organizers pay the promised income to the first participants from their own funds, although the participants contribute both small and significant amounts.
The second is the popularization of the financial pyramid. Inspired investors attract more and more participants, including relatives and acquaintances. The organizers also use aggressive advertising, mainly on social networks, with the involvement of well-known bloggers, celebrities. At this stage, the remuneration to new participants is no longer paid at their own expense, but at the expense of newcomers.
The third is inevitable, this is the collapse of the pyramid. This happens when a certain number of participants and a large amount are recruited. People who believe in quick and easy earnings are left without remuneration and without their own funds. And also without the possibility of any protection, since the activities of financial pyramids in Kazakhstan are illegal and illegal, which means that all documents signed with the organizers of the pyramid actually have no legal force.