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By then there were 1,900 customer contracts on the system and dozens of sales staff selling rare metals to investors.
Customers were told their investment would double or triple over three to five years, with Denver Trading's commission a modest 5 per cent.
One investor was even promised a 1000 per cent return in five years, but he and other customers were paying a five-fold mark-up.
The jury heard £5.6million ended up in a Cypriot bank account controlled by Sabin and Ridpath.
Ringleaders Christopher Sabin, 44, of Sevenoaks, Kent, and Tobias Ridpath, 52, from Hastings, East Sussex, were both jailed for nine years.
Prolific salesman Nicholas Start, 35, of Tadley, Hampshire, who pocketed at least £132,000 in commission over a few months, was handed a seven-year sentence.
They were almost useless as an investment.'The price of such metals has been falling since 2011, Mr Durose said.
A Proceeds of Crime Act hearing will follow to confiscate their profits.
Prosecutor David Durose told jurors Denver Trading - started by Sabin and Ridpath - was run from a short-term £860 per month office in the City.
William Berkeley, 52, of Horsham, West Sussex, joined the scam near its conclusion and was sent to prison for four years.
The group were convicted by a jury at Blackfriars Crown Court of conspiring to defraud investors by making false representations.