Beijing court sentences Ponzi scheme operators to life in prison

[JURIST] A Beijing intermediate court [backgrounder] sentenced two brothers to life in prison on Tuesday after ruling that the brothers’ peer-to-peer lending company, Ezubao, was a Ponzi scheme. One of the brothers, Ding Ning, was founder [Reuters report] of the company and chairman of the Anhui Yucheng Holdings Group. His crimes included illegal fundraising and […]

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