First Look Protests rumble in China after fraudulent investment scheme fails

Following the collapse of Qianbao.com, a major Chinese investment scheme, authorities are working to quell protests in the eastern city of Nanjing. China's lax regulations on internet investment have allowed several fraudulent companies to grow in recent years.

Chinatopix/AP/File

Chinese authorities are struggling to quell protests following the collapse of an investment scheme police say took as much as $4.7 billion from millions of depositors.