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You are here: Home / Crime / Courts / Pyramid investors reimbursed

Pyramid investors reimbursed

September 11, 2000 By admin Leave a Comment

The US Attorney for the Western District of Missouri has mailed refund checks of more than $5.8 million dollars to almost 2,600 victims of an investment fraud scheme run by Global Concepts. Hill calls Global’s arrangement at Ponzi scheme, in which returns on investment were based strictly on money invested by new recruits. A federal grand jury in Springfield indicted seven men in February 1998 for their parts in the pyramid arrangement.

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