• Everything in China can be faked, even Banks: Bogus bank in China scams customers of more than $43 m
    2 replies, posted
[QUOTE][B]A fake bank which was set up to look just like a real one has swindled Chinese savers out of 200m yuan ($32m; £21m), it's reported.[/B]To customers in the eastern city of Nanjing the interior looked like any other state-owned bank, with uniformed clerks working behind the counters, [URL="http://paper.nandu.com/nis/201501/23/320735.html"]the Southern Metropolis Daily website reports[/URL]. Almost 200 people deposited their cash, including a businessman who handed over 12m yuan ($1.9m; £1.3m) in 2014. But he grew suspicious when he wasn't paid the promised interest on his money, and went to the police after the bank refused to return his savings. A police investigation found that it was actually a rural cooperative, which had none of the accreditations required to operate as a bank. It had been promising interest rates of 2% per week and high interest subsidies, police say. [/QUOTE] [url]http://www.bbc.com/news/blogs-news-from-elsewhere-30932424[/url] Wow, fuck, $43 million a year.
Fuck that's just weird I mean banks don't have to try hard that much to take peoples money here
2% interest a WEEK? I'd grow suspicious immediately, that's a business model that'd crash immediately, and offers too much to the customer. Sucks for the guy that deposited $1.9m USD/$12m RNB, hope he got his money back.
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