Stories
Slash Boxes
Comments

SoylentNews is people

Beijing Arrests 32 Over Transit Elevated Bus Scam

posted by n1 on Wednesday July 05 2017, @10:11AM   Printer-friendly
from the off-the-rails dept.

takyon writes:

Police in Beijing have arrested 32 people for illegal fundraising linked to a scrapped project to create a "straddling bus" to beat traffic jams.

The futuristic idea to lift commuters above congestion quickly attracted international attention when it was launched last year - but was finally scrapped last month.

There had been growing speculation that it was no more than an investment scam.

In a statement, police said they were working to recover investors' assets.

Source: BBC News

Transit Elevated Bus (Wikipedia)

Original Submission

 
This discussion has been archived. No new comments can be posted.
Beijing Arrests 32 Over Transit Elevated Bus Scam | Log In/Create an Account | Top | 10 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 3, Funny) by Rivenaleem on Wednesday July 05 2017, @12:03PM (1 child)

    by Rivenaleem (3400) on Wednesday July 05 2017, @12:03PM (#535143)

    This town needs a monorail!

    Starting Score:    1  point
    Moderation   +1  
       Funny=1, Total=1
    Extra 'Funny' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   3  

  • (Score: 2) by isostatic on Thursday July 06 2017, @08:07AM

    by isostatic (365) on Thursday July 06 2017, @08:07AM (#535618) Journal

    But Main Street's still all cracked and broken!

    Sorry Mom - the mob needs karma