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A 63-year-old and a 54-year-old have been referred to trial today before the Criminal Court in connection with the Metamax investment pyramid scheme.
The two are alleged to have promoted Metamax in Cyprus, convincing citizens to invest by promising high and quick returns, with the 63-year-old reportedly playing a leading role.
They face charges including conspiracy to defraud, operating a pyramid scheme, fraud, and money laundering.
More than 100 complaints have been filed by individuals claiming they were deceived and lost over €220,000 to Metamax.
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