Shanghai USGFX Staff Members Held Hostage Have Been Released

[kreslik.news]

Earlier today, the Union Standard Group Forex (USGFX) employees who were being held hostage in Shanghai were released. The three individuals were taken hostage during a raid on the company’s offices by angry traders last week.

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The Australian-headquartered forex brokerage’s Shanghai offices were invaded by about 50 clients last Wednesday. The angry investors were came to protest against the losses from trading forex with the broker. 20 staff members were initially captured, although 17 were released earlier.

The 3 remaining hostages were released yesterday, July 24, after several negotiation ... (read more)