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Stock Market News: Live Updates - The New York Times

Stock Market News: Live Updates - The New York Times
nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.

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Fraudsters prey on the fears of China's aging population.

Fraudsters prey on the fears of Chinaâs aging population.
By 2025, more than 300 million people in China will be 60 or older, according to the Chinese government.Credit.How Hwee Young/EPA, via Shutterstock
March 3, 2021
Shady retirement home and investment schemes have cheated Chinaâs rapidly aging population out of hundreds of millions of dollars, spurring more than a thousand criminal cases in recent years.
In a society that traditionally relied on family members to take care of elderly parents, fraudsters have been able to prey on fears that changing social norms and scarce resources will leave older people bereft, report Alexandra Stevenson and Cao Li for The New York Times. ....

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China's Retirement Home Industry is Plagued by Ponzi Schemes

The saleswoman waited for Yang Jinzhong at the bus stop. ....

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China's seniors face minefield of scammers in search for retirement homes

China's seniors face minefield of scammers in search for retirement homes
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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