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Thread: China hunts fugitive commodities trader

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[quote=MARRIE,307725]Ye Xinying, from the central province of Hubei, said she invested with Huaxia for a number of years, then joined it as a broker in March during an expansion that she said created a nationwide network of sales representatives. Ye said she is part of a group of 69 people who have 1 million yuan ($130,000) in Huaxia accounts--a huge sum in China, where despite growing prosperity the average economic output per person is $2,600 a year.
Police gave no details on Guo's background, but Ye said he grew up in central China and got his start in the 1990s trading bananas from the tropical southern island of Hainan before moving to Beijing.
Ye said she called a Huaxia manager last Thursday after hearing that investors could not get money out of their accounts.
"He told me the company had some problems, and Guo left with the money," she said.
Chen and Ye were among some 200 investors who gathered Saturday in the lobby of the Beijing office tower where Huaxia occupied the 19th floor. Police took down information about their accounts but said they had no answers.
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