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Court to announce verdict on city's biggest pyramid scheme

(Xinhua)
Updated: 2009-03-23 12:56

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.

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