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    Police bust pyramid scheme involving 8,000 suspects and $228 million(1/4)

    2017-08-22 15:42 Ecns.cn Editor:Yao Lan
    1

    Bundles of cash are caught in a raid against a pyramid scheme in Nanning City, the capital of South China’s Guangxi Zhuang Autonomous Region. Local police announced they have broken up a 1.519 billion yuan ($228 million) scheme that included more than 8,000 people, mainly from Heilongjiang, Liaoning, Jilin, Shandong and Zhejiang provinces. Police first discovered the operation in 2016, and as the investigation went forward, found it involved thousands of people across the country. Since May, police have detained suspects including senior managers who promoted fraudulent investments. (Photo/VCG)

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