Prosecuting the women who operated and promoted a £21 million pyramid scheme cost taxpayers at least £1.4 million – but those convicted paid back as little as £1 each.

The get-rich-quick con, named Give and Take (G&T), fleeced at least 10,000 people as it spread across the country between May 2008 and April 2009.

Bristol Crown Court heard victims were encouraged to “beg, borrow or steal” to take part in the scam, which promised £23,000 for each £3,000 investment if a player recruited two friends.

Reported by You can read the full story here. 

I am a journalist and author. I am a journalist at the UK edition of WIRED magazine. In 2015, my first book Freedom of Information: A Practical Guide for UK Journalists, was published. My second book Reed Hastings: Building Netflix, was published in March 2020. I created FOI Directory in 2012 and have maintained it in my spare time ever since.