Investors caught in alleged $1.2b scam

Geneva's public prosecutor launches an investigation after Chinese victims claim 29,000 people were robbed by a Swiss-based company and associated firms as row rumbles on

Chinese investors have flown 5,000 miles (8,047 kilometers) to show up on doorsteps in Geneva and demand their money back. This has been the fallout so far from an alleged scam that its victims say robbed 29,000 Chinese investors of $1.2 billion.

They were promised returns of as much as 10 percent a month from currency trading by API Premiere Swiss Trust AG and associated companies, according to interviews with six victims and documents they shared during the past three months.