Pyramid scheme plays on 'Britishness' to ensnare China investors

Published Wed, Aug 17, 2016 · 09:50 PM

    Shanghai

    AS David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him.

    Mr Byrne, 52, is a British businessman who sells investment products. The previous day, he had introduced himself to a roomful of potential customers in the hotel as the new London head of a foreign currency trading platform whose website offered very high returns.