Some 3,000 Moldovans fall victims to pyramid scheme

A Moldovan has managed to cheat some 3,000 people of 1.5 million lei by his fraudulent scheme. According to the police, the suspect and his accomplices has schemed a financial pyramid. He launched even web sites encouraging people to invest in different fake projects, Info-Prim Neo reports. The cheated people used to invest up to 5 euros, thinking of getting dividends by the year-end. The recruited people are supposed to bring in new clients, said Iurie Cater, a top officer of the Chisinau police commissariat, at a news conference. Searching the suspect's house, the police uncovered computers and documents confirming bank transfers. The police believe the head of the scheme is a Ukrainian citizen, who plotted similar schemes in 2007 in Russia. He is searched internationally. The arrested Moldovan may be sentenced to 25 years in prison.