A new financial pyramid scheme called 'Seven Jade' has emerged in Uzbekistan, with its operators using company registration and VAT certificates to appear legitimate. The organizer is allegedly a Chinese citizen.
On January 20, 2026, 'Seven jade manufacturing' LLC was registered with Uzbek state authorities, listing Lin Nanzhou as the sole founder. The company obtained a VAT payer certificate, and fraudsters use these two documents as their main argument for legality.
The 'business plan' claims the head office is in Hong Kong, where a processing plant is supposedly located. However, no information about the Hong Kong company or Lin Nanzhou can be found online. The business plan appears to be AI-generated.
Seven Jade, like many financial pyramids, makes grandiose promises. On its Telegram channel, it presents itself as an international jewelry manufacturer, claiming a global network and new factories being built in Uzbekistan to fulfill orders quickly.
The company claims to operate on a 'three-way benefit' model: the company expands production, employees get stable income, and partners receive a share of growth. To become a partner, one must make an investment — a key sign of a pyramid scheme. Additionally, Seven Jade promises rewards for recruiting new members.
A special platform offers 'packages' disguised as jewelry. For example, an 'Azure glow bracelet' for 200,000 UZS promises 10,000 UZS daily for 30 days (300,000 UZS monthly). A 'Vintage amethyst bracelet' for 600,000 UZS offers 30,000 UZS daily (900,000 UZS over 30 days). Prices and promised returns increase with package tiers.
To purchase a package, users must register on the platform and deposit funds. Money is transferred via P2P to a bank card in the name of Lazokat Nasriddinova. Questions arise: why would a company with global factories collect money through P2P transfers to individuals?
We visited the registered office address: 104 Shota Rustaveli Street. The platform's 'support staff' sent this geolocation to clients, assuring them that 'everything is legal.'
The Seven Jade scheme resembles the 'Golden Cash' case, which defrauded over 2,000 Uzbek citizens of approximately $6 million in 10 months. In that case, Ukrainian citizen Maxim Muntyan registered 'Golden cash store' LLC and organized a pyramid under the guise of watch and jewelry retail.
According to Article 188-1 of the Criminal Code, illegal activities involving attracting funds and property are criminal offenses punishable by up to 10 years of imprisonment. No victim complaint is required to initiate a criminal case under this article.
Source: kun.uz