In this Thursday, April 14, 2016 photo, a Chinese national flag flutters against the office buildings at the Shanghai Bund shrouded by pollution and fog in Shanghai, China. (AP Photo/Andy Wong, File)
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Two senior executives of a collapsed peer-to-peer lender were sentenced to life in prison and 24 others punished over what has been called China's biggest-ever Ponzi scheme, state media reported Tuesday.The company, Ezubao, reportedly swindled more than 900,000 investors out of $7.6 billion, mainly between 2014 and 2015 .The court handed sentences to other defendants ranging from three to 15 years in prison, and levied fines including a 1.9 billion yuan ($290 million) penalty on Yucheng.
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