Madoff Like: Shanlin Finance Cons $9 Billion in Ponzi Scam in China
According to a report in Xinhua, eight people were arrested in Shanghai for an astounding Ponzi scheme that rivals the Ezubao fraud and the Madoff scandal. Allegedly, more than 60 billion yuan ( or US $9 billion) was stolen from investors by Shanlin Finance a peer… Read More
Read more in: Asia, Global, Investment Platforms and Marketplaces | Tagged china, fraud, p2p, peer to peer, ponzi