Sunday09 February 2025
toshkent24.com

The founder of the financial pyramid "QI-Trade Kazakhstan" has been extradited to Kazakhstan.

The General Prosecutor's Office of the Republic of Kazakhstan has extradited a Kazakh citizen from Kyrgyzstan to face criminal charges for establishing and leading a financial pyramid as part of a transnational organized group, according to Bizmedia.kz.
Основатель финансовой пирамиды «QI-Trade Kazakhstan» был экстрадирован в Казахстан.

From 2017 to 2020, members of the group organized a financial pyramid scheme called "QI-Trade" in Kazakhstan, illegally misappropriating funds from over 4,700 investors, amounting to approximately 15 billion tenge. Some participants in the crime have already been convicted, but one of the suspects has fled and has been placed on the international wanted list.

While on the run, the suspect committed a murder in Kyrgyzstan and was sentenced by a local court. At the request of the Kazakh Prosecutor General's Office, he was temporarily extradited to face charges for the financial crime. After the court proceedings and sentencing in Kazakhstan, the suspect will be returned to Kyrgyzstan to continue serving his sentence.

For creating and leading the financial pyramid, he faces a prison sentence of up to 12 years along with the confiscation of assets. Previously, Kazakhstan extradited two other members of this group from Russia and Poland — they have already received various prison terms.