Talash prosecutors investigate FNDK investment fraud

The Talash Prosecutor's Office in Iran has launched a judicial investigation into the activities of an entity known as ‘FNDK’ following widespread public concern regarding the loss of investor funds. Authorities confirmed that several individuals linked to the operation have been arrested.

Reports indicate that the group operated by selling cryptocurrencies and allegedly utilized a pyramid-style scheme, promising high returns to attract new members. The entity’s website reportedly went offline recently, prompting protests by victims in the streets of Talash.

Preliminary estimates from affected citizens suggest that thousands of people may have lost significant sums, with total damages potentially reaching hundreds of billions of tomans. The prosecutor's office stated that the investigation is currently focused on identifying responsible parties, tracing the flow of funds and assets, and determining the exact scale of the financial damage. Officials have urged citizens to remain calm and avoid investing in sources with unverified income origins.