Ezubao was launched in July 2014 and embarked on a massive advertising campaign to raise funds. Photo: SCMP Pictures

Chinese police swoop on HK$59 billion ‘record-breaking online Ponzi scheme’

Mastermind of peer-to-peer lender Ezubao fleeced backers in a scheme that involved more than 900,000 investors across the country, the authorities say

Topic |   China economy

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Ezubao was launched in July 2014 and embarked on a massive advertising campaign to raise funds. Photo: SCMP Pictures
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