Shenzhen’s Jereh Collapse: 150,000 Gold Investors Offered Pennies on the Dollar
A Shenzhen-based gold buying and selling platform has collapsed after working what amounted to a leveraged betting operation with no bodily backing, leaving over 150,000 buyers scrambling to get better their funds. The Jereh collapse — the largest in a current wave of unlicensed gold platform failures throughout China — is now escalating right into…
