20 May 2024,   03:28
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Victims of financial pyramid

Depositors of financial company "Georgia" continue hunger strike at the government administration and say that the state and national bank should protect the population from financial pyramids. The company has damaged about 3,000 people.

Criminal prosecution is conducted aganst another financial pyramid, he company "MFX Broker GEORGIA". The company misappropriated the money of more than a hundred people.

Based on the legislation of Georgia, it is impossible to prevent the activities of such financial companies, as the criminal prosecution begins only when fraud is detected. Consequently, the National Bank of Georgia is trying to provide information on possible financial machinations to the population.

It should be noted that one of the main signs of the financial pyramid is a high interest rate. When the company plans to appropriate the consumers money, it promises the interest rate that is several times hgher than the market rate.

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