People trying to join a protest against a fraudulent investment scheme in Beijing on Monday lie on the ground after being blocked by police. Photo: Kyodo People trying to join a protest against a fraudulent investment scheme in Beijing on Monday lie on the ground after being blocked by police. Photo: Kyodo
People trying to join a protest against a fraudulent investment scheme in Beijing on Monday lie on the ground after being blocked by police. Photo: Kyodo

Why Ponzi schemes are thriving in China despite crackdowns

People are easily wooed by fraudulent fund companies’ promises of high returns on their investments

Topic |   China's ponzi scheme
People trying to join a protest against a fraudulent investment scheme in Beijing on Monday lie on the ground after being blocked by police. Photo: Kyodo People trying to join a protest against a fraudulent investment scheme in Beijing on Monday lie on the ground after being blocked by police. Photo: Kyodo
People trying to join a protest against a fraudulent investment scheme in Beijing on Monday lie on the ground after being blocked by police. Photo: Kyodo
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