Khorezm man arrested for scamming over 1,000 people with fake trading scheme

According to reports from the Hudud program, the suspect lured victims through social media, claiming to double their funds within a short period.

"Just a few days ago, I was added to a Telegram channel where they shared information about increasing money through trading. Believing it to be a legitimate opportunity, I transferred 20 million UZS. An hour later, they blocked me," one of the victims recounted.

During a search of the suspect’s residence, law enforcement officials discovered more than ten tablets, 96 mobile phones, 1,171 bank cards, and 343 SIM cards.

An investigation into the case is currently underway.

Earlier, two brothers and a minor were sentenced for running a similar scam in Karshi. They rented an apartment and defrauded 78 people from various regions of Uzbekistan over four months, claiming they could increase their money in just 30 minutes.

Kun.uz continues to warn citizens about fraudulent trading schemes, the emergence of new types of scams, and financial pyramids.