Armenia’s national security service thwarts illegal ‘financial pyramid’ scam

YEREVAN, December 3, /ARKA/. Armenia’s National Security Service said it has exposed an illegal ‘financial pyramid’ scam acting under the guise of a network marketing. A press release by the National Security Service said its officers tracked down and exposed the criminal activity of two, independently operating groups under the guise of international Quetsnet organization that was aimed at stealing people’s money and establishment of so-called ‘financial pyramid.

The press release said Questnet having representatives in different countries, including Armenia, sold to citizens via Internet glass bio-disks which ostensibly have positive effect on people’s health as well as gold adornments and chains costing from $600 to $1,500.

Later after these people realized that what they paid is tens times higher than the real cost of the goods, demanded their money back, but in return they were proposed to get enrolled into their scam, pledging them substantial profits.

The press release said the criminal scam was established by an Iranian citizen Raimond Kocharian and Armenian citizen Vache Manukian, who managed to enroll 113 Armenian citizens into their scam. Both are detained and the investigation is being handled by the National Security Service, which called on Armenians to refrain from the temptation of getting rich in no time. It said those who suffered from this criminals can report by calling 57-93-16.  -0-