Since China launched an inquiry into Ezubao, an online lending platform, it has recovered more than $1.5 billion of illegal assets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In the latest Ponzi scheme of size and of headlines, the news of a $7.6 billion fraud emanating out of China exposes the risks of plunging into online finance, Reuters reported Wednesday (Feb. 3). Get the Full Story Complete the form to unlock this article...
September 13, 2017
A court in Beijing handed down a life sentence for the mastermind behind the $9 billion Ezubao financial Internet scam and sentenced 26 others to jail time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our […]
November 24, 2016
Since China launched an inquiry into Ezubao, an online lending platform, it has recovered more than $1.5 billion of illegal assets. Get the Full Story Complete the form to unlock...
