CCP Gives Heavy Prison Sentences to P2P Lending Billionaires, Seizes Property

‘The financial crisis was passed on to the Chinese people,’ Chinese financial specialist said.

P2P protest held in Chongqing, China on Oct. 1, 2018. The Epoch Times

Several billionaires of China’s peer-to-peer (P2P) lending platforms have recently been given a life sentence in China for alleged illegal financing schemes that involved billions of dollars.

Political analysts said that the Chinese Communist Party (CCP) is blaming P2P lenders for plundering the life savings of the Chinese and that the confiscated money could be seized by the CCP itself rather than being used to compensate victims for their losses.