Yu Lei, an investment manager who made a fortune in a now-banned fundraising practice only to end up being detained by authorities and betrayed by his business partners, killed himself earlier this month at his home in Shanghai, sources with knowledge of the matter told Caixin.
In Depth: Behind the Suicide of Leading Figure in Shady Fundraising Practice
2024年02月28日 19:56
Yu Lei made over 1 billion yuan helping state-backed firms issue bonds through ‘structured issuances,’ before losing much of it when his business partners betrayed him
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- Yu Lei, an investment manager who made a fortune in a now-banned fundraising practice, took his own life on Feb. 16.
[财新双语通产品，是为有双语需求读者专门订制的优惠产品， 按此可享超值优惠订阅。]
版面编辑：喻竹杨洋
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