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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)

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  • (Score: 3, Interesting) by lx on Wednesday July 05 2017, @12:29PM (1 child)

    by lx (1915) on Wednesday July 05 2017, @12:29PM (#535150)

    There is a place for funding impossible pie-in-the-sky and/or scam projects and that place is Indiegogo.

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  • (Score: 0) by Anonymous Coward on Wednesday July 05 2017, @09:10PM

    by Anonymous Coward on Wednesday July 05 2017, @09:10PM (#535415)

    No, it's Kickstarter. Let the...ummm... debate begin

    (grin)