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WinCapita crook gets hard time

A court in Vantaa on Friday sentenced the mastermind behind the WinCapita pyramid scheme to four years in prison. Hannu Kailajärvi was found guilty of aggravated fraud in the largest Ponzi scam in Finland to date.

Hannu Kailajärvi Vantaan käräjäoikeudessa
Hannu Kailajärvi (oik.) Vantaan käräjäoikeudessa 2.2.2011. Image: YLE

Kailajärvi’s girlfriend, ruled an accomplice to the crime, was handed a one-year prison term.

At least 2,800 people lost money in the scheme that fronted as an online investment club. Victims that fell prey to the get-rich-quick scam lost around 57 million euros.

According to the prosecution, Kailajärvi's ill-gotten gains total six million euros. This money will, however, be forfeited to the state.

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