Planet China

Loose cash

Chinese media reckoned it was “a new China record” although it might be impossible to verify that. The feat in question: a man surnamed Qiu had sex with more than 160 prostitutes over the past six months. That averages nearly one woman every 24 hours and China News Service suggested that Qiu’s own record was hiring nine prostitutes on one particularly lustful day.

Qiu spent more than Rmb2.8 million ($425,000) on sexual services, which is a lot for a junior banking officer. How did he afford it? China News Service reported that he embezzled Rmb17 million from a rich relative, who thought she was using the money to invest in a wealth management product that Qiu was marketing.

After Qiu was arrested for fraud the police found out that he was a VIP client of one of the largest prostitution rings in the country. Subsequent leads provided by Qiu have resulted in an incredible 3,500 arrests in 15 provinces.

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