Investors in Chinese Ponzi scheme ask for class action at Fourth Circuit

(CN) - Investors hoodwinked in a Chinese Ponzi scheme argued Tuesday at the Fourth Circuit Court of Appeals that their case against the company's founder should be granted class certification.

Xunhui Cheng and Kelin Cai filed suit in 2020 against businessman Dan Liu and his U.S. companies after the sudden collapse of the Chinese investment firm Easy Richness.

Chinese authorities raided the firm's o