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Tag Archives: scam

EGD scam cracked down in China 10.9 billion yuan involved

Jan 10, 2017

Red Li

People’s Daily, the most circulated newspaper in China, published a story on cracking down a virtual currency pyramid scheme under the name of EGD, which involved over 500 thousand members and 10.9 billion RMB. Another EGD clone named “Wanfubi”  was also cracked down with 120,000 r...