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Chinese loan app nightmare: How does this work? | "Threats, abuse, blackmail," says Ankit Yadav, a victim of an illegal loan app #ChineseLoanApps #IllegalLoanApps #CyberSecurity | News18
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A sinister financial trap or an economic assault? China’s loan app scam is ruining lives—how does it work, and is it targeting Bharat’s economy? Anand Narasimhan breaks it all down. Watch now! #ChinaLoanScam #LoanScam #Scam #IndiaChina #Fraud #Beware | News18
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When 🇺🇸’s economy crashed in 2008, one small Chinese American bank took the fall. Abacus Bank had discovered an employee writing fraudulent loans and extorting customers, and promptly fired him and reported it to regulators. Not only did the DA not prosecute that employee, but they made him their star witness - spending 5 years and millions in taxpayer money prosecuting the small Chinese American bank based in New York’s Chinatown. In 2015, abacus was found not guilty on all charges. They were
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