Ezubao executives are looking at doing some hard time following the conclusion of proceedings at Beijing No. 1 Intermediate Peoples Court. Ezubao maintains the ignominious record of the largest peer to peer lending fraud ever. The Ponzi scheme has been estimated at pilfering over $7.7… Read More
The trial against Ezubao, once a high-flying peer to peer lending platform, has commenced. The Beijing People’s Protectorate has started proceedings against Ezubao and its parent company Yucheng Holdings and Yucheng Global. This is according to a report in China News. Apparently, 10 individuals will… Read More
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
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