MALLORCA TODAY - Pyramid scheme fake Austrian prince remains in prison

While 2012 saw the legal outcome of the John Hirst illegal pyramid scheme, the year also saw the arrest, in March, of a fake Austrian prince, Jürgen Ludwig H, on charges of having conduced, along with his wife, a pyramid scheme that was larger than that which Hirst had operated. The "prince" has been in prison since, awaiting trial, but yesterday underwent examination to assess the state of his health.

See more: Diario de Mallorca

MALLORCA TODAY - Another pyramid scheme - couple arrested

With the trial of John Hirst and others due to take place in Yorkshire later this year for an alleged Ponzi scheme operated primarily in Calvià, another scheme has been exposed. Police have detained a couple - named only as J.P., a 56-year-old Austrian born in Germany, and his 38-year-old Spanish wife, B.D.B. - in an investigation of a scheme said to have realised some nine million euros and to have affected some 200 people, mainly Britons, Germans and Spaniards. Arrests were made yesterday in Magalluf and Palma.


See more (for example): Diario de Mallorca