The main suspect in the WinCapita pyramid scheme has admitted that the online investment club was not engaged in currency speculation as advertised.
Hannu Kailajärvi, who has been in police custody since being detained in Sweden in December, told investigators that the scam paid investors with money from subsequent investors, and not from profit.
So far some 1,300 criminal complaints have been filed against WinCapita. Around 10,000 people invested in the Ponzi scheme, with damages close to 18 million euros. About 16 million euros have been siezed.
In today's multitasking world, food shoppers are also doing double duty.
Regularly scheduled maintenance went wrong on Sunday morning, as services were to have come back online. The bank said in the afternoon that services were "being brought back into use gradually".
Finland's exports to China are worth less than half as much as its imports from the world's #2 economy – including a growing "tsunami" of cheap mail-order items.
