Man Loses 650,000 RMB After Investment Company Goes Down

Man Looses 650,000 RMB After Investment Company Goes Down
Zhao Zuohai, a 62-year-old man who was awarded 650,000 RMB by the government for being wrongly imprisoned for 11 years, recently saw the investments that he had planned to buy a home with disappear in a flash.After spending 250,000 RMB, he handed his remaining 400,000 over to an investment company in Shangqiu, Henan, which promised a 2% monthly interest. At first, the interest arrived on time, but after a while, several of the company’s leaders fled, several others were arrested and his money was nowhere to be found.One unsympathetic netizen said “Go back to your old job and sit in jail, at least its better than begging.”

Source: Netease

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  • Amused

    “Life is hard. It’s even harder if you’re stupid.”- John Wayne

  • Money is Everything

    he is too stupid!
    2% interest is much lower than normal, guess even lower than bank.
    must be an idiot!

    • hess

      2% monthly rate, not yearly.

      • Money is Everything

        ok, then i am wrong.

  • Andrew

    “Looses”? Really Steve? I’m really starting to like the “lose” translation here.

  • WghUk

    Moral of the story, do not invest in China.

    • mr.wiener

      If we are going biblical maxims : ,the country taketh away,giveth a bit ( just to make you believe in happy endings)… then taketh away again…I’m starting to go all Fred Fong here..

      • Bman

        The happy endings do make it more bearable.
        You forgot: the country supplieth cheap wine and smokes to help medicate thyself into apathetic compliance.

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