SHANGHAI – Global asset managers that have been opening shop in China are grappling with rampant scams where online fraudsters dupe investors with juicy returns using their brands and logos, a practice known in the market as 'pig butchering'. Fidelity International and Neuberger Berman, which are launching their maiden mutual fund products in China, say they are battling cheaters who use their trademarks to raise money illegally via the Internet and social media. Other new entrants including Van Eck and Alliance Bernstein have also fallen victims to tech-savvy swindlers who play cat-and-mouse games with the police.

https://business.inquirer.net/389301/global-asset-managers-in-china-grapple-with-fraudulent-investor-schemes

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