Sat, 15 February
0.1 C
Yerevan
USD: 396.51 RUB: 4.36 EUR: 414.95 GEL: 140.05 GBP: 498.65
spot_img

Armenian national security service exposes financial pyramid

YEREVAN, February 11. /ARKA/. Armenia’s National Security Service (NSS) said it has exposed a financial pyramid disguised as a tourist organization that has managed to attract large financial resources.
It said the pyramid created by citizens of Armenia and registered abroad had all the characteristic features of a financial pyramid that provided tourism services in Armenia via the Internet.

According to NSS, since November 2018, through a variety of training courses and seminars, the pyramid advertised the possibility of generating income in exchange for its services.

The pyramid creators convinced many Armenian citizens to participate in the organization’s “business program” and, in fact, by prior arrangement, created and managed a branch of the financial pyramid having y attracted funds in especially large amounts.

The NSS has launched a criminal investigation into the case trying also to identify all persons involved in the criminal scheme. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

III Capital Markets Armenia to Be Held in Yerevan

On March 20, the annual III Capital Markets Armenia conference—one of the key events for the financial and investment community in the region—will take place at the Marriott Hotel, Yerevan.

Viva Armenia Issues its First Bonds Worth $80 Million

Viva Armenia CJSC announces the issuance of nominal, coupon paying bonds. The company has issued dollar-denominated bonds with a total face value of $80 million. The underwriter for these bonds is Ameriabank.

Euro jumps 2.28 points to AMD 411.39

The average market exchange rate of the U.S. dollar to the Armenian dram on February 12, 2025, totalled 396.56 drams, having risen by 0.02 points compared to February 11.

‘Bad’ loan assistance program launched in Armenia: 1000 applications already submitted

A scheme designed by the Armenian government to support citizens with bad loans started  on February 1 with 1000 beneficiaries having already submitted online applications,  Deputy Minister of Labor and Social Affairs David Khachatryan said today.

LATEST NEWS

spot_imgspot_imgspot_img