Wednesday, February 27, 2013

Reuters: Money News: New breed of "private equity" scams target China retail investors

Reuters: Money News
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New breed of "private equity" scams target China retail investors
Feb 27th 2013, 21:16

SHANGHAI (Reuters) - Thousands of retail investors in the Chinese city of Tianjin say they were tricked out of more than $500 million by sellers of illegal wealth management products - part of a growing problem stemming from China's rush to develop its private equity sector.

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