Four Men On Trial Over €325,000 Gold Scam

Four men are facing proceedings accused of defrauding a mates retired of €325,000 done a bogus golden finance business.

According to nan prosecution, nan defendants group up a constricted institution successful Colombia successful 2013 which had nary existent activity, pinch nan alleged purpose of attracting money from Russian investors.

One of nan accused, tasked pinch uncovering imaginable investors, approached nan victims and persuaded them to invest, convincing them of nan profits they would supposedly gain.

On December 12 2013, nan mates signed a information statement earlier a notary successful Alfaz del Pi, committing €478,000 to nan venture. In nan first fewer months, nan victims received astir €40,000 successful mini instalments arsenic purported profits.

The prosecution is seeking a five-year situation condemnation for each of nan defendants connected charges of fraud.

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