Jieworui Implodes: $19B In Gold Investments Frozen As Investors Face Massive Losses
A Shenzhen-based gold buying and selling platform, Jieworui, has collapsed after working what amounted to a leveraged speculative scheme with no bodily gold backing, leaving greater than 150,000 traders going through losses and in search of to get well their funds. The scenario has escalated as traders reject a proposed compensation plan that may return…
