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Iprosperity Ponzi Scheme Fraudster Siphoned 8m Through Crown Melbourne

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A fugitive fraudster accused of running a A$325 million (US$245 million) Ponzi scheme passed $8 million of his clients’ missing funds through the Crown Melbourne Casino, Australian newspaper The Age reports. Michael Gu, whereabouts unknown, is the founder of Sydney-based property group iProsperity, which collapsed last year owing hundreds of millions to investors. Authorities believe […]

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