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Supreme Court overturns pyramid scheme verdict

The Slovak Supreme Court overturned the verdict of a lower court in the case of Jozef Majský, who was convicted by the Special Court for fraud in two pyramid schemes.

The court made its ruling on October 11 at a closed session.

The head of the Speaker of Parliament´s Office, Eva Rupcová said that the case was returned to the Special Court to re-try and re-decide it.

On April 27, the Special Court sentenced Majský to 12 years in prison for fraud in the pyramid schemes BMG Invest and Horizont Slovakia. Due to his age, he did not get a financial penalty. He appealed the verdict.

Majský is still in prison. Rupcová said the Supreme Court did not settle the custody matter.

-SITA

Compiled by Zuzana Vilikovská from press reports
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