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Woman gets 6 years for pyramid scheme

Xinhua, January 17, 2016 Adjust font size:

A court in south China's Guangxi Zhuang Autonomous Region has sentenced a woman to six years in jail for involvement in a pyramid scheme.

The woman, only identified by her surname Sun, was also fined 3 million yuan (455,700 U.S. dollars) for recruiting more than 120 participants in the scheme and receiving more than 500,000 yuan in profits, the Yinhai District People's Court in Beihai City said in a statement on Sunday.

It said Sun received more than 2.5 million yuan in "registration fees" by demanding a fixed amount of money from new participants for "a high-returning national project" in Beihai City.

Four other "senior scheme leaders" also received unspecified prison terms and fines. Endi