JYS Group Crashes After $180M Investment—Chairman Fled to UK

JYS Group has collected $180 m from savers in Guangdong by offering infrastructure-linked products with up to 9 % annual returns. Losses tied to crypto trading, P2P lending and stock bets have emerged, its chairman claims to have fled to Britain, and local investigators have begun tracing funds. source: https://cryptonews.com/news/jys-group-collapse-crypto-fraud-chairman-uk/