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Beware the fintech Ponzi scheme

MICHELLE BALTAZAR  |  FRIDAY, 26 OCT 2018
... away with investors money leading to RMB20 million in losses. Two years later, a non-bank lender called Tenfei Wealth Management went bust with losses of US$400 million owed to 37,000 investors. In 2015, Chinese media reported the largest P2P collapse ...
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