Shenzhen’s Jereh Collapse: 150,000 Gold Investors Offered Pennies on the Dollar

A Shenzhen-based gold trading platform has collapsed after running what amounted to a leveraged betting operation with no physical backing, leaving over 150,000 investors scrambling to recover their funds. The Jereh collapse — the largest in a recent wave of unlicensed gold platform failures across China — is now escalating into a standoff as victims
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