fake gold

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83 Tons of Fake Gold Bars in China: This Man Claims to Know the Truth

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The gold industry was shaken when it was discovered that 83 tons of fake gold bars were used to back loans worth 20 billion yuan in China. While Chinese authorities have not said whether the real gold exists or where it is, an insider claims to know what happened. The Mystery Behind the Chinese Scandal … Read more

Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold

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The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently shaken when it was discovered that a U.S. … Read more