Word matters

Source:Global Times Published: 2017/9/25 14:18:39

Illustration: Luo Xuan/GT

"Peer-to-peer lending has been halted on college campuses, and students are advised not to get involved in any campus loan scheme for fear that they would be cheated."

So said Ou Chunguang, a chief judge in the Changping People's Court. In a recent news briefing for university students, Ou cited the case of a student Xiaoli who claimed that he was the image ambassador for a campus loan firm and could help students get loans at the company. He collected over 230,000 yuan ($34,891) from students and spent it on himself. The students called the police, and Xiaoli's relatives returned the money. He was sentenced to two years in prison, but got a 3,000 yuan fine and a three-year suspended sentence to allow him to complete his university studies. (Source: The Mirror)


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