A Kazakh national accused of orchestrating a multi-billion financial pyramid scheme has been extradited from Georgia to Kazakhstan, marking a major step in a high-profile fraud investigation.

The suspect was detained in February 2026 and transferred back to Kazakhstan last week, where he has been placed in pre-trial detention, The Caspian Post reports via Kazakh media.

The extradition was coordinated by the Kazakh General Prosecutor’s Office and the national bureau of Interpol, with support from the Kazakh embassy in Tbilisi.

According to investigators, the man was part of an organized criminal group and managed operations of a financial pyramid scheme across multiple regions between 2019 and 2021. The network lured victims with promises of high returns, collecting more than 10 billion tenge.

Several accomplices have already been convicted and sentenced, while the suspect fled the country before being placed on an international wanted list.

He faces up to 12 years in prison, along with possible confiscation of property, as authorities continue efforts to bring all those involved to justice.