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Beijing court to rule on pyramid scheme

(Xinhua)
Updated: 2009-03-23 10:20

BEIJING -- A Beijing court will announce verdicts on 28 suspects involved in the city's biggest-ever pyramid selling case Monday morning, the court sources said.

Related readings:  China cracks down 2,500 pyramid selling cases in 2008  China warns job-seekers to beware of pyramid schemes

The Yilin Wood Company was accused to have swindled 1.68 billion yuan (US$246 million) from investors by promising high returns on sales of woodland.