The organizer of the Instpower pyramid in Azerbaijan sentenced

Orkhan Babayev (born in 1998), a representative of one of the most famous fraudulent schemes in Azerbaijan called Instpower, has been brought to criminal responsibility. As reported by oxu.az, O. Babayev was charged under Article 178.3.2 (fraud causing major damage) of the Criminal Code of Azerbaijan.

The financial pyramid was built on the promise of daily income from investing money in the “Poverbank business”, which was joined by thousands of people.

About 20 people were recognized as victims in the criminal case. It is noted that they suffered damages in the amount of more than 256,000 manats.

It also became known that O. Babayev acted in collusion with persons who contacted him from abroad, known under the names Jessica and Maria. He purchased 11 mobile numbers in the name of his wife and transferred them to these persons. Foreign partners created accounts in the m10 mobile application with these numbers and began accepting money. Thus, millions of manats were involved in circulation. Later, the system administrators disabled the program and appropriated all the funds.

By the decision of the Baku Court of Grave Crimes, O. Babayev was sentenced to 8 years in prison.

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