CHICAGO (WLS) -- Seven people have been indicted in connection with a federal investigation into a massive investment fraud scheme.
Federal agents in Chicago's FBI Field Office said they have seized $214 million in stolen assets following the investigation into what it calls a ramp-and-dump scheme aimed at defrauding thousands of investors.
According to investigators, individuals in China pretended to be United States investment advisors on social media and would reel investors in and encourage them to purchase stock, promising serious returns on their investment.
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