Police bust regional pyramid scheme firm

Police have arrested 24 persons on suspicion of abuse of office, tax evasion and money laundering, Serbian Interior Minister Ivica Dacic said on Tuesday. The suspects illegally obtained EUR 27mn, the minister added. Police bust regional pyramid scheme firm According to him, they incurred damages to the state budget worth more than EUR 5mn through tax evasion. Dacic told Tanjug that the police were still searching for one more person. He explained that members of the criminal group had been arrested in Belgrade, Vranje, Valjevo, Sabac, Sremska Mitrovica, Kraljevo and Uzice. “It is suspected that the members of the criminal group from early 2004 until the end of 2011 registered companies and used them to get citizens of Serbia and other countries of the region - Macedonia, Bosnia-Herzegovina, Albania, Montenegro and Croatia – to join a pyramid citizens' association dubbed Gem Collection Club at the cost of EUR 2.290 per member,” the interior minister pointed out. According to him, they paid for the alleged professional training and purchase of the book called “Successful Journey”. Dacic added that the criminal group was also trying to expand the pyramid organization by including new people in the firm. Ivica Dacic (Tanjug, file) Tanjug

Police bust regional pyramid scheme firm

According to him, they incurred damages to the state budget worth more than EUR 5mn through tax evasion.

Dačić told Tanjug that the police were still searching for one more person.

He explained that members of the criminal group had been arrested in Belgrade, Vranje, Valjevo, Šabac, Sremska Mitrovica, Kraljevo and Užice.

“It is suspected that the members of the criminal group from early 2004 until the end of 2011 registered companies and used them to get citizens of Serbia and other countries of the region - Macedonia, Bosnia-Herzegovina, Albania, Montenegro and Croatia – to join a pyramid citizens' association dubbed Gem Collection Club at the cost of EUR 2.290 per member,” the interior minister pointed out.

According to him, they paid for the alleged professional training and purchase of the book called “Successful Journey”.

Dačić added that the criminal group was also trying to expand the pyramid organization by including new people in the firm.