Lu Changqing was the CEO of Zhong Qi Investment Group in China. He used the money from investors to invest in a coffee shop chain and a department store and in return, sold the "partnership" to the investors. But the businesses were doing so badly that investors wanted their money back, before which Lu Changqing and his brothers had already fled to America with all the money (￥3.1 billion, equal to $440 million from over 3,000 investors) .
The reason I am writing to White House instead of Chinese Government is that he has a strong relationship with one of the mayors of Beijing, Cheng Hong. She was supporting all of this fraud and no main stream media dare to report this. The investors are so desperate because many of them are the elderly who rely on the money for the rest of their lifes.