Online Lender Ezubao Took $7.6 Billion in Ponzi Scheme, China Says – The New York Times

Online Lender Ezubao Took $7.6 Billion in Ponzi Scheme, China Says

The accusations cast a shadow over the country’s web-based finance industry, a lucrative sector that the authorities say is the subject of a growing number of fraud cases.

http://www.nytimes.com/2016/02/02/business/dealbook/ezubao-china-fraud.html