Ammon News - AMMONNEWS - The State Security Court (SSC) on Tuesday handed lengthy prison sentences against two people involved in a dummy stock market corporation deception scheme.

The Military tribunal in its session on Tuesday headed by Judge Ahmad Qatarneh sentenced the owner of the dummy corporation to 18-years in prison and a JD 1,800 fine, and another person also involved in the case was sentenced to 12 years in prison and a JD 1,260 fine.

The two defendants were also ordered to pay back JD 11,217,000.81 in funds they had defrauded people into depositing into the company's account.

The two individuals had set up the dummy corporation in the northern city of Irbid in 2007 as a merchant for furniture and cell phones. They deceived people into believing they have major investments in various sectors, including trading based on Islamic Sharia financial laws.

They told customers that they will be getting back monthly profits of no less than five percent of their deposit every 45 days.

Following the global stock market crisis in 2008, the dummy corporation was discovered. The two individuals attempted to escape from Jordan but were arrested and referred to the State Security Court, the military tribunal that tries cases of economic security of the state.

Meanwhile, SSC on Tuesday decided to postpone deliberating in the 'Market Maker' cases brought before it.