XcelMobility Inc (XCLL)

[Monroe1]

Recent info:
"China has removed two lottery officials from their positions after an investigation produced evidence of corruption, including using their positions to conduct improper sexual relations.

On Sunday, China’s official state news agency Xinhua reported that two high-ranking officials at the Ministry of Civil Affairs’ Welfare Lottery distribution and management center had been dismissed for corruption and violating the Communist Party’s code of conduct."

In June 2015, China’s National Audit Office announced the results of an inspection of lottery administration centers in 18 Chinese provinces that found corrupt officials had embezzled or misused nearly RMB 17b (US $2.8b) in lottery proceeds over a three-year span.

These officials’ tolerance of unauthorized online lottery sales contributed to Beijing’s March 1, 2015 imposition of a ‘temporary’ suspension of all online lottery sales that has now lasted two-and-a-half years. The Ministry of Finance has occasionally hinted that an online reboot was in the offing, but these hints have yet to translate into tangible action.