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New Level of Fakery in China: Fake U.S. Bank

Fake
watches and knock off Louis Vuitton bags? In china, such fakery is so
common it’s pedestrian. Well, rice trader Lin Chunping took it to another
level with this brazen act: he pretended to buy a fake U.S. bank!

The little-known businessman shot to fame in January when state
media reported that he had taken over Delaware-based Atlantic Bank.
The unprecedented acquisition brought him praise: His hometown gave
him a prestigious political appointment and state media called his business
experience "legendary."

The only thing that may have been legendary is Lin’s audacity.
Not only did he not buy Atlantic Bank in Delaware for $60 million as
he claimed, but there is no Atlantic Bank in that state.

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Date
June 18th, 2012

Author
Stranger to the World

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