While we wait for the FOMC today (yep. its gonna be a long wait unless some Greek news pops up to shake the torpor), an item in Bloomberg:

Street protests in Beijing and Hong Kong.

Chinese investors flying 5,000 miles to show up on doorsteps in Geneva and demand their money back.

... It's 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 over the past three months. The money disappeared from their accounts in January, the investors said.

Yikes, that doesn't sound too good at all.

Article is here: Geneva Whodunit Has Chinese Up in Arms Over $1.2 Billion Lost in Alleged Scam