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China Company Accused of Fleecing Investors of $7.6 Billion

Chinese police arrested 21 employees at China's largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history. State media outlets reported the arrests late Sunday. State broadcaster CCTV aired purported confessions from two former employees at Ezubao, an Anhui Province outfit that rose from obscurity to become China's largest online financing platform in the span of about 18...

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