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Public  |  active 3 years, 1 month ago

Internet and E-Commerce Attorneys

 

  1. WebJD

    Arrests made in RMB 50 billion Ponzi scam

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    As reported by China’s official Xinhua news agency, authorities in the country have arrested twenty one (21) people on suspicion of using the online peer-to-peer lending platform Ezubao to defraud around 900,000 people of more than RMB 50 billion (USD $7.6 billion) in essentially a giant Ponzi scam. Ezubao was launched by the Yucheng International...

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