Guess where! 21 arrested over $7.6 billion online ponzi scam
China has arrested 21 people allegedly involved in a massive online Ponzi finance scheme in which some 900,000 investors lost over USD 7.6 billion, the state media reported Monday.
Feb 01, 2016, 18:51 PM ISTChina arrests 21 over $7.6 bn Ponzi scam: Report
Chinese authorities have arrested 21 people on suspicion of defrauding around 900,000 people of more than 50 billion yuan ($7.6 billion), state media reported, after an online peer-to-peer lender turned out to be a giant Ponzi scheme.
Feb 01, 2016, 12:06 PM IST