China’s crazy car-straddling elevated is reportedly just a giant scam

After first trial the bus has just collected dust. Beijing police have arrested 30 people.

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Faustus Scaevola[/url]":afagectp]People who invested in this basically deserved to get scammed. A promised 12% yearly return?

A 12% ROI on a company with an innovative product is certainly not unreasonable if you think the product will be successful.

A guaranteed return on ANY startup is unreasonable. The vast majority of startups even those with good ideas fail and those that don't may take years or decades before showing a profit. The timeline to profitability can be very hard to predict even for legit companies. Someone offering firm returns is a giant warning sign that you are about to invest in a scam.

If you want a semi consistent return buy a quality corporate bond or maybe invest in a utility which pays a large dividend. Of course there you are looking at maybe 6%.