Ponzi Scheme In China Stole $7.6 Billion From Investors, Police Say

[Confounding]

I wouldn't be surprised if the people involved are executed.

Ponzi Scheme In China Stole $7.6 Billion From Investors, Police Say

It was billed as a successful peer-to-peer lending company. Instead, police say, online lender Ezubao used fake business listings to take in about 50 billion yuan ($7.6 billion) from nearly 1 million people who thought they would get a 14 percent return.

 

[Lucy Hamilton]

I wouldn't be surprised if the people involved are executed.

Ponzi Scheme In China Stole $7.6 Billion From Investors, Police Say

It was billed as a successful peer-to-peer lending company. Instead, police say, online lender Ezubao used fake business listings to take in about 50 billion yuan ($7.6 billion) from nearly 1 million people who thought they would get a 14 percent return.

The Ponzi schemes are just evil, I support executing anyone operating such a scheme.