Twenty-six executives of a Chinese online peer-to-peer (P2P) lender are handed jail terms ranging from three years to life imprisonment for cheating the public out of large amount of money in Beijing. Two Chinese were sentenced to life by another court for a pyramid scheme. Photo: Xinhua

Chinese men jailed for life after their US$2.4 billion pyramid scheme conned 200,000 people

Topic |   China's ponzi scheme

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Twenty-six executives of a Chinese online peer-to-peer (P2P) lender are handed jail terms ranging from three years to life imprisonment for cheating the public out of large amount of money in Beijing. Two Chinese were sentenced to life by another court for a pyramid scheme. Photo: Xinhua
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