A local real estate company, run by members of the Chinese community, has been allegedly luring investors for years with fake investment projects, utilizing a Ponzi scheme approach to continuously gather funds. This method, which involves using money from new investors to pay returns to earlier investors, is putting many in the Southern California Chinese community in a difficult position. Reports indicate that the company has defrauded investors of nearly $100 million, predominantly impacting the Chinese population. What led to this elaborate scam, and what is the current status of the case? Today, we delve into this story to provide you with the insights.

For detailed coverage on this case, please refer to the September 13 edition of the Los Angeles World Journal.