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China to prosecute 26 over $7.6 billion 'Ponzi scheme'

China to prosecute 26 over $7.6 billion 'Ponzi scheme'

Wed, Aug 17, 2016

Authorities charged 11 people -- including top executives of Ezubao’s parent company Yucheng, chairman Ding Ning and president Zhang Min -- of fraud while another 15 are accused of illegally obtaining investors` savings, the Beijing People`s Procuratorate said in statement on its website. 

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