Soldier among nine held as La Horquetta pyramid crashes
Created : 22 September 2020
Police seize millions in cash from La Horquetta pyramid scheme.
Police seized millions of dollars at a house located at Phase I, La Horquetta on Tuesday and arrested nine people, including a soldier.
A statement from the TTPS noted that there were reports that several individuals had assembled, in breach of the Public Health Ordinance Regulations. They were allegedly waiting to collect large sums of money from a Pyramid Scheme.
Police Commissioner Gary Griffith directed the Special Operations Response Team (SORT) to mount an exercise in the area. However, he said on seeing the police, the people dispersed.
A search warrant was executed and the nine detained. A large quantity of money was also seized.
The Finance Intelligence Branch of the TTPS has joined the investigation. Meanwhile, the exercise involved officers of the Northern Division.
“Commissioner Griffith has advised that when the police find that amount of money, it will be seized as evidence. He warned the public when the police receive a tip-off, they will find the location and seize the money. That would mean that people would lose their hard-earned money they invested in these schemes,” the statement ended.
Videos have been shared online with individuals claiming that the money was sized from 'DSS sou sou'. A group of people also said they intended to march to the La Horquetta Police Station to recover their monies.
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