The saddest part about this article - this is only the tip of the iceberg in China. There are, I'm sure, endless cases that haven't even come near being discovered yet but, as the economy worsens, they will be brought to bear. I knew this was going on within the first year I was there, partly because I am an accountant and also by gauging the cultural, educational and development levels (or lack thereof). Now, it is all coming to light...a fate I knew was on the horizon. The sunlight of karma hasn't even begun to shine on (and expose) all those who are destined to suffer, for playing fast and loose while being well aware there was a lack of oversight, and for taking advantage - rather than doing the right thing. A 'hard landing' is going to look like a mild understatement... - Chinese police have arrested 21 people connected with an online finance company accused of fleecing more than $10 billion from investors in one of the world's largest-ever Ponzi schemes.
Sunday, February 7, 2016
The saddest part about this article - this is only the tip of the iceberg in China. There are, I'm sure, endless cases that haven't even come near being discovered yet but, as the economy worsens, they will be brought to bear. I knew this was going on within the first year I was there, partly because I am an accountant and also by gauging the cultural, educational and development levels (or lack thereof). Now, it is all coming to light...a fate I knew was on the horizon. The sunlight of karma hasn't even begun to shine on (and expose) all those who are destined to suffer, for playing fast and loose while being well aware there was a lack of oversight, and for taking advantage - rather than doing the right thing. A 'hard landing' is going to look like a mild understatement...
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