We Are Awake

                                                                 use ctrl+ to zoom in The largest ponzi scheme in the world – both by asset volume and the number of victims – has just been broken up after interdiction from China’s authorities revealed fake peer-to-peer lending that fleeced investors in the region of 50 billion Yuan, or $7.6 billion. The arrests of senior executives at Ezubao, the Chinese firm alleged to have bilked nearly 900,000 customers, come as Chinese executives are being   kidnapped   at an increasingly   alarming rate   and regulators in the region are cracking down on fraud. Investors promised returns on peer-to-peer loans, but money went for gifts, cash, sources say Ezubao promised investors what were generally above average investment returns, between 9% and 14.6%, while in actuality 95% of the   investments   listed on the site were false, according to a confession made by Yong Lei, the company’s risk controller, and reported by the Xinhua news a