finance

Fraudsters in China set up entirely fake bank, scam millions out of unsuspecting customers

Most people like to think that they’re wise to scams and cons, particularly financial ones, and would never be stupid enough to fall for one. But even the most suspicious of us could have been caught out by this intricate scheme which involved setting up a whole physical bank complete with ATMs and staff to make it seem completely legit.

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Chinese Netizen Speaks Out: “China Spending As Much on Calming Civil Unrest As US on War Effort”

Even putting current tensions between the country and Japan aside for the moment, China has seen a great deal of civil unrest in recent months. With citizens losing faith in their government, and the gap between the poor and the wealthy seemingly growing ever larger, it is little wonder that protests and riots are occurring more and more frequently.

At the end of June, pictures emerged of clashes between residents and armed police in the Canton region. It later become clear that the riot occurred following little more than a scuffle between two boys from neighbouring towns that got out of hand. Angry that men from the first boy’s town had entered into the argument, adults from the second boy’s town also became involved, and the spat quickly grew out of hand with thousands of locals eventually becoming involved in the fray. Read More

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