Georgia Launches Investigation into Alleged Financial Scheme by TSQ Investment Group

The Investigation Service of the Ministry of Finance of Georgia has initiated an investigation into TSQ Investment Group, also known as “Henry’s Pyramid,” following a referral from the National Bank of Georgia. The probe is being conducted under Part 2 of Article 192 of the Criminal Code of Georgia, which addresses unlawful entrepreneurial activities.

TSQ Investment Group had been actively promoting itself on social media, offering clients the chance to invest in crypto-asset trading with the promise of high returns. However, reports surfaced in late August that depositors were unable to withdraw their funds. This issue prompted the National Bank of Georgia to issue a public warning about the rise of financial pyramid schemes.

These schemes typically aim to attract new participants and their money rather than genuinely investing capital into income-generating assets. Initially, participants may receive payouts, but the scheme collapses when the influx of new participants and capital ceases. Investors often find themselves unable to withdraw funds due to alleged “technical glitches” and may be pressured to make additional deposits to supposedly unfreeze their assets.

The National Bank of Georgia’s warning highlights the deceptive nature of such schemes, emphasizing the importance of financial integrity and accountability. As the investigation unfolds, it serves as a reminder of the need for vigilance and the protection of public trust in financial institutions. In line with biblical principles, such as those found in Micah 6:8, the pursuit of justice and care for those affected remains paramount.

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