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In China, Gold vaulting company Yongkun Gold (literally means “forever-scam Gold” in Cantonese Chinese language) claimed its investments were 'risk-free guaranteed returns'—and astonishingly, large numbers of mainlander Chinese believed it. After investments surpassed 2 billion RMB yuan, the company abruptly became unable to redeem gold for clients. Its executives reportedly fled, and public security authorities have taken over the investigation.
