information: Compensation for individual investors will be calculated based on the registered and verified information, according to Global Times China. However, according to a report on the website of the Taizhou police in East China's Zhejiang Province, only 20 percent to 25 percent of total investment loss could be compensated to individual investors, as government fines, creditors of Ezubao bank loans and bonds will get prior compensation, according to Chinese law. According to the announcement, investors of Ezubao can register the details of their investment loss, along with their personal and banking information with the designated local authorities from July 2 to August 30. Ezubao first came under investigation in December 2015 for illegal operations that wrung out over 76.2 billion yuan 11 billion from its investors, according to a report by bjnews. Since the start of the investigation in 2015, several suspects from the company's management have been detained by the police. Since its launch in 2014, the infamous financing platform, which turned out to be a Ponzi scheme, has fleeced over 900,000 investors, and has a total amount of 38 billion yuan in unpaid loans, the report says.
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