Global Times – Metro Beijing - - TWO CENTS -

“Peer-to-peer lend­ing has been halted on col­lege cam­puses, and stu­dents are ad­vised not to get in­volved in any cam­pus loan scheme for fear that they would be cheated.” So said Ou Chun­guang, a chief judge in the Chang­ping Peo­ple’s Court. In a re­cent news brief­ing for univer­sity stu­dents, Ou cited the case of a stu­dent Xiaoli who claimed that he was the image am­bas­sador for a cam­pus loan firm and could help stu­dents get loans at the com­pany. He col­lected over 230,000 yuan ($34,891) from stu­dents and spent it on him­self. The stu­dents called the po­lice, and Xiaoli’s rel­a­tives re­turned the money. He was sen­tenced to two years in prison, but got a 3,000 yuan fine and a three-year sus­pended sen­tence to al­low him to com­plete his univer­sity stud­ies. (Source: The Mir­ror)

Il­lus­tra­tions: Luo Xuan/GT

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