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Transcripts for CNN Early Start With Christine Romans 20240604 09:25:00

from the company that powers more businesses than anyone else. call and start saving today. comcast business. powering possibilities. welcome back. an exiled chinese billionaire is under arrest in new york accused this a billion dollar fraud scheme. selina wang is in beijing. this is no stranger to authorities in china or the u.s. what can you tell us? reporter: he has been wanted by chinese authorities for years and now u.s. federal prosecutors allege he defrauded thousands out of more than $1 billion through these complex investment schemes. so he is charged with taking advantage of them by promising that these outsized returns if they invested in his

Transcripts for BBCNEWS Cops Cash and Fraudsters - 20240604 03:51:00

lived here since 1976. that s quite nice, actually. certainly happy memories with mum and dad here. yeah. that don t look too good, that one, does it? dad took early retirement and lived life to the full. erm. ..and unfortunately, he died when he was 68. jo and corinne s dad, trevor, was an engineer and amateur racing driver. when he died in 2012, carol didn t have to worry about money. he had a lovely pension to leave mum and, you know, they had a place in new zealand that he sold just before he died and there was a lot of money from that. you know, she was set up. but just a few years after her husband died, carol was targeted by fraudsters, selling her fake investment schemes. one of mum s financial advisers was worried. mum had asked to release more money. and he was slightly worried

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