Former hide trader accused of massive fraud
05/03/2013
Mr Lin, who went on to build up a rice trading business in Wenzhou, Zhejiang Province, was arrested last year when the matter came to light. CLIA’s recent announcement points to the scale of the alleged fraud.
In 2012, Mr Lin also made headlines when he claimed to have acquired a US bank, the Greater Atlantic Bank for $60 million. He said it had gone bust during the 2008 economic crisis. However, western media have reported that no such bank ever existed.
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