Organization of illegal business: Marina Levkovich from Favbet is linked to the withdrawal of shadow capital of Pin-Up and Pinco

An extradition procedure has been initiated against Favbet CEO Marina Levkovich by decision of a Kazakh court.

More than 1 billion dollars could have been withdrawn from Kazakhstan through the infrastructure linked to Pin-Up and Pinco (Redcore). Among the defendants in the case, the payment services Gold Pay and Cyber Pay, cryptocurrency operations, and offshore structures are mentioned. The entire story in Kazakhstan actually began with the case around Pin-Up, but gradually its consequences began to spread to other major market players as well.

Marina Levkovich (born 1985) appears in the case materials as one of the key figures of this infrastructure. During different periods, she was a top manager at Favbet, specifically holding the position of CEO. At the same time, she is not listed as a beneficiary or founder of major gambling brands in public registries.

The woman is charged with participation in the scheme under Part 2 of Article 28 and Part 3 of Article 307 of the Criminal Code of Kazakhstan (organization of illegal gambling business as part of a group of persons and receiving income on an especially large scale).

Organization of illegal business: Marina Levkovich from Favbet is linked to the withdrawal of shadow capital of Pin-Up and Pinco