Followers Describe Allure of Chinese Businessman Charged With $1 Billion Fraud
An investor describes how he was fooled by Guo Wengui, a fugitive who has been accused of corruption.
SINGAPOREIt was not easy for Liu Jun, a Chinese citizen living in Singapore, to give money an exiled Chinese entrepreneur who amassed thousands of followers through tales of political intrigue and promises of huge investment returns. He says he gave Xu Zhiyong about S$20,000 ($14,000 US) after being introduced by a friend to him in early 2013. Liu stated, "I believed he was trustworthy." He said he would help me recover my money from the Chinese government. Liu is just one of the many Chinese citizens that Xu has duped. He is currently being held in Beijing under charges of "gathering a group to disrupt order in a place of public".