Tagged: shanlin finance

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

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