Seven are arrested in investment scheme
Colombia ordered the arrest of seven people accused of a pyramid scheme which, with other financial scandals, prompted riots and threatened to damage the economy by causing millions of dollars in lost investments.
President Alvaro Uribe moved quickly to contain the crisis as thousands of families lost their savings on scams that promised astronomical interest rates, sweetheart real estate deals and debit cards to get electronic goods for free.
Prosecutors ordered the arrest of seven bosses of DMG, one of the main companies accused by the government of money laundering and other financial wrongdoing.
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