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00:00:00
mt anyway him got eight billion dollars it may not be as big a party scheme and made off with China into power with operating only a year and a half before authorities moved in state media on Monday reporting police arrested twenty one people involved in running the hugely popular moneylending website feeding the crap out , correspondent Matt Miller explains how nine hundred thousand people got ripped off in December we had an opportunity to visit with some of the Interpol investors and some of the people who are promoting each of our products , what we found was investing public that was rather unsophisticated that were buying products whose underlying absence they were unaware of a like white people who were promoting these products we're equally unsophisticated and had really no idea of ugly type of product they were selling in the general Rick are around these products China's wealth management product industry is now worth more than two point six trillion dollars , it peer to peer lending platforms , attracted more than twenty billion U. S. dollars in investment I think it's generally understood by the guardian and by the participant bit more market regulation is needed and is on its way investors need to bow have organized protests around the country trying to get their money back former employees pay one big secret to the firm's rapid rise wasn't advertising running on some of the nation's high speed trains and also on state television could've looked like an official endorsement by paging