An unregulated British firm, EuroFX, used its London cachet to dupe Chinese investors into losing millions in a pyramid scheme
David Byrne presented himself to investors in China as CEO of EuroFX, a so-called company with a London address whose products offered returns ranging from 6 to 16 percent per month. Authorities said the investments were a pyramid scheme with losses that came to $70 million in China and possibly more than $1 billion from thousands of victims around the world.
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