Details on Ezubao P2P Platform Shutdown are Out: Ponzi Scheme with 95% of Projects Labeled Fake
As reported in December, the Chinese peer to peer lender Ezubao (Ezubo), launched by Yucheng in 2014, was shuttered by authorities as employees were questioned and managers were arrested by police. Now Xinhua and other news outlets are providing details that are shaking up the… Read More
Read more in: Asia, Investment Platforms and Marketplaces | Tagged china, ding ning, ezubao, ezubo, fraud, ponzi scheme, xu hongwei, yucheng
