Unsuspecting people in Shanghai who poured millions of yuan into a financing app were shocked to discover that the only form in which they could get a return on their investment was beef.
Police in the city’s Xuhui district revealed the case to the public recently, and it was reported by the state broadcaster CCTV.
A four-member gang that collected 500 million yuan (US$70 million) for their dodgy cattle-raising project over the past eight years was arrested in November last year.
They were…
