Another customer, Zhang, told Shin Min that she was helping a friend buy a Rolex for almost $20,000 in May.
According to her, at least two other customers shared with her their similar predicaments. One recent university graduate reportedly transferred more than $40,000 to the couple to purchase branded bags, hoping to flip the bags for a profit and use the money to pay off her tuition loan. She, too, has yet to receive the bags.
All three customers told Shin Min that there are about 200 people in the Telegram group, and they estimated the value of goods owed at around $32 million.
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