Friday, December 15, 2017
 
 
News: Page (1) of 1 - 06/18/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Fabricated bank adds to China's list of fakery
With fabricated bank, Chinese entrepreneur sets new standard for fakery
By The Associated Press

BEIJING (AP) ' In a China awash with fake iPhones, pirated DVDs and knockoff Louis Vuitton bags, rice trader Lin Chunping took fakery to a whole new level: He invented a U.S. bank and claimed he bought it.

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."

But there is no Atlantic Bank in Delaware. Lin later admitted making "exaggerations" to raise his social status.



His spectacular rise and fall shows how fakery has evolved in China, morphing from the manufacture of copycat goods to entire institutions and careers.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines