Two to stand trial for pyramid scheme
Two people, aged 63 and 54, will stand trial on September 12 at the criminal court in relation to the Metamax pyramid scheme on which dozens of people claimed they had been scammed ...
Hundreds of reports pouring in over Metamax scheme
Police reports over the Metamax pyramid scheme are pouring in on a daily basis with more than100 citizens claiming they have been scammed out of their money.
So far, €200,000 have ...
Nearly 100 victims of Metamax pyramid scheme
Close to a hundred people have complained they were victims of the pyramid scheme Metamax, Limassol police said on Tuesday.
According to deputy police spokesman Marinos Vasiliou, 90 people have been ...
Pyramid scheme suspect presents himself to police
A 63-year-old man suspected of being involved in the case of cheating and extorting money from citizens who invested in the Metamax pyramid scheme, presented himself on Monday morning to ...
Pyramid scheme suspect’s remand extended
A 54-year-old man who stands accused of running a pyramid scheme had his remand extended for a further five days on Saturday.
Police believe the man had a “leading role” ...
Paphos man linked to pyramid scheme remanded
Police arrested a 48-year-old man on Saturday who was wanted in connection with the ‘Metamax’ pyramid scheme fraud.
The man, from Paphos was named by two individuals who claimed he ...
Paphos man wanted in Metamax pyramid scheme investigation
A 48-year-old man from Paphos is wanted in connection with the ongoing Metamax pyramid scheme investigation, police said on Friday.
The man, from Paphos was named by two individuals who ...
Pyramid scheme suspect’s lawyer hits out at media
The lawyers of a man arrested on suspicion of operating a pyramid scheme on Thursday hit out at the media, insisting their client is innocent and that the media had ...
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Man arrested for operating pyramid scheme
A 54-year-old man from Limassol was arrested on Friday night on suspicion of having operated a pyramid scheme.
He was remanded in custody for eight days on Saturday, accused of ...
Police investigating pyramid scheme as victims come forward
Police headquarters on Wednesday are investigating a known pyramid scheme to which a number of people have allegedly fallen prey losing thousands of euros.
Police issued instructions to district criminal ...
Nicosia lawyer swindled millions out of clients
A big-name lawyer swindled millions of euros out of her clients, involving in them in pyramid-scheme type tactics, a report said on Monday.
According to a report in Politis, a ...