When Ma abruptly disappeared after the CCP sabotaged the (Ma-led) IPO for Ant Group, Alibaba's financial arm that had become widely used within the Chinese market, we feared the worst.

And even though Ma eventually resurfaced, things have never been the same for a man who was once China's wealthiest man. What's worse is that it marked the beginning of a CCP crackdown on China's burgeoning tech industry that continues to this day.

While shares of Alibaba have staged a modest comeback off their lows, Ma has unfortunately bounced from one troubling allegation to the next. The latest has arrived courtesy of Chinese state broadcaster CCTV, which has published a report implicating Ma's Ant Group in a wide-ranging corruption scandal - a charge that has been known to carry the death penalty in the PRC.

The documentary didn't name Ant, but it alluded to the company, which was founded in Hangzhou. But it did further implicate a family member of a high-ranking CCP official, who was arrested back in August.  As a result, Ant Group received "discounts" on plots of real-estate and other "government policy" support.