Posts Tagged ‘China’

Chinese Money Laundering / Gold Farming Ringleaders - Smuggled $38 Million to China over 18 months

Monday, October 27, 2008 17:39 1 Comment

Earlier last week Korean police arrested a Chinese group responsible for laundering money generated by Chinese gold farming from Korea back to China. Over an 18 month period, the group transfered $38 million from Korea to a Hong Kong paper company as payments for purchases. The Chinese group then took a commission of 3-5% for [...]

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