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'Pyramid scheme' operation sees nine women convicted

Nine women have been convicted of operating a "pyramid" scheme in which thousands of investors lost money.

The "Give and Take" scheme operated in south-west England and south Wales five years ago.

The nine were all from the Bristol area, six were given a nine month prison sentence. Investigators say more than £20m was invested by about 10,000 members of the public.

Jon Kay reports.

  • 18 Sep 2014
  • From the section UK