Portal runews24. Ru reports that in Shanghai, a group of scammers deceived collectors of works of art for $ 2 million.

As it became known, the criminal group consisted of 49 people. They developed a scheme to deceive collectors, whose victims were about 800 people.

It is noted that the court of the urban district of Qingpu recognized all the participants in the criminal scheme as guilty. They were sentenced to imprisonment for 12 to 14 years each.

It is reported that the manager of one of Shanghai's auction houses Chen Xudong founded the company "Qianqang" in 2015 and opened its office abroad UK Phillips Auction House.

The duties of the company's employees included the search for customers who, through Qianqang, exhibited their art objects at auctions. For this, collectors were charged large contributions.

However, in fact, auctions were not held. Customers were returned their artwork and reported that they could not be sold. Contributions for participation in the auction were not refunded.