After Going Missing With 1 Billion Yuan, Chinese P2P Mogul Yang Weiguo Says "Don't Worry"

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Mark Melin
Published on
Updated on

Yang Weiguo, founder of the Chinese peer-to-peer investing platform Wangzhou Fortune, wants to let everyone know not to worry, he’ll be “right back.” After going missing along with nearly 1 billion yuan of investor funds, Yang Weiguo says he is planning on cooperating with police and was just “meditating” in the Gobi desert.   Apparently Yang Weiguo requires 1 billion yuan to properly meditate The 1 billion yuan in missing customer assets Yang Weiguo allegedly took with him to “meditate” in the desert must have helped clear his mind. Emerging only on the Internet after that ten-day soul searching mission…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.