Ezubao
Chinese peer-to-peer lending scheme
Nº Q22669964 ★★★
Rare · Organizations
Ezubao
Chinese peer-to-peer lending scheme
Ezubao (Chinese: e租宝) was a peer-to-peer lending scheme based in the eastern Chinese province of Anhui. It was set up as an online scheme in July 2014, attracted funds of about 50 billion yuan ($7.6 billion) from 900,000 investors, and ceased to trade in December 2015.
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From Wikipedia
Ezubao (Chinese: e租宝) was a peer-to-peer lending scheme based in the eastern Chinese province of Anhui. It was set up as an online scheme in July 2014, attracted funds of about 50 billion yuan ($7.6 billion) from 900,000 investors, and ceased to trade in December 2015. On 1 February 2016, the scheme was closed down and 21 involved people were arrested. Zhang Min, the president of the parent company, Yucheng Global, told investigators that the company operated as a Ponzi scheme.
Text: Wikipédia, CC BY-SA 4.0. ·
