Ponzi schemes are only unhappy on the last day; you never know how lavishly the top designers of the fund operate.
E-zu Bao, in just over a year, accumulated 74.7 billion yuan. Founder Ding Ning supported 108 mistresses and even named the "Four Major Courtesans" among the executives. Almost all female colleagues in the company are his mistresses. He bought luxury goods nationwide for these mistresses, gifted his lovers 130 million yuan villas and millions worth of diamonds, and even preemptively formed a private armed force in northern Myanmar. Spending over 2 billion yuan each month, it quickly collapsed. In the end, more than 900,000 people were defrauded by this small chubby guy with only a high school diploma, losing everything.
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Ponzi schemes are only unhappy on the last day; you never know how lavishly the top designers of the fund operate.
E-zu Bao, in just over a year, accumulated 74.7 billion yuan. Founder Ding Ning supported 108 mistresses and even named the "Four Major Courtesans" among the executives. Almost all female colleagues in the company are his mistresses.
He bought luxury goods nationwide for these mistresses, gifted his lovers 130 million yuan villas and millions worth of diamonds, and even preemptively formed a private armed force in northern Myanmar.
Spending over 2 billion yuan each month, it quickly collapsed. In the end, more than 900,000 people were defrauded by this small chubby guy with only a high school diploma, losing everything.