China’s Gold Investment Scam: Boss Runs Off with Billions, People Cry in Despair
China’s Gold Investment Scam: Boss Runs Off with Billions, People Cry in Despair
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On November 16, thousands of gold investors were shocked to find out that the gold they bought through the Mcdodo app could no longer be redeemed. Reports online suggest the total amount involved is over 100 million yuan. Some visited the company’s headquarters in Shanghai, only to find the office abandoned. The space was littered with empty boxes and plastic bags. Rumors claim the owner may have fled with the money.
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