When the "P" in P2P Means Ponzi

The latest tabloid tale from China’s peer-to-peer (P2P) sector concerns Shanghai-based Deer Financial Group, with many related companies including Fast Deer (快鹿) Financial, Golden Deer (金鹿) Financial, Dangtian Wealth (当天财富), Shanghai Oriental Hongqiao (东虹桥), with online finance, financial guaranty and micro-lending platforms, and grassroots P2Ps with cute names like Funny Beans (趣豆) Financial and Vegetable Shoots (菜苗) Online.