Beijing says Evergrande and its tycoon founder committed a $78 billion fraud. That would rank it as one of the biggest financial frauds ever.

Tech Insider : Economy, Economy
Hui Ka Yan
China Evergrande founder Hui Ka Yan.

Bobby Yip/Reuters

The founder of Evergrande just lost 2 Hong Kong mansions collectively valued at $200 million to a creditor

Tech Insider : Economy
Evergrande founder and chairman Hui Ka Yan
Evergrande founder and chairman, Hui Ka Yan.

Nora Tam/South China Morning Post/Getty Images

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