China's $7.6 billion Ponzi scam highlights growing online risks

BEIJING (Reuters) - Once China's biggest peer-to-peer (P2P) lending platform, Ezubao collected 50 billion yuan ($7.6 billion) in less than two years from more than 900,000 investors through savvy marketing and the promise of big returns.

from Reuters: Technology News http://ift.tt/1RZ2208