The Big Con – with Chinese characteristics
I have been inside the bigger cults on business but had little knowledge of Falun Gong until their leader and his flock moved to DC and began badmouthing China, a telltale sign.
I checked Li Hongzhi’s Chinese rap sheet: illicit money raising and laundering ‘on a vast scale’. Happily, Washington warmly embraced Li and his strong anti-China sentiments, and let him start and run the stridently anti-China Epoch Times. But Falun Gong is what it has always been, another Big Chinese Con. This money laundering case barely scratches the surface.
Then there’s Miles Guo, who fled after ripping off Chinese folk for hundreds of
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millions of dollars. He was welcomed into the USA and the White House, feted for his ‘businesslike’ anti-China rap and his massive campaign contributions. He’s awaiting trial for defrauding American retirees of $900 million.
Chinese conmen have been pulling stunts on this scale since forever. Fake emperors, fake Jesuses (the last one killed 30,000,000) they they all think big1. As China’s influence and prestige grows, expect more of them on the world stage. So join their countrymen, connoisseurs of Big Time Crime, get out your popcorn, and watch the fun..
This just in
Qian Zhimin, a Chinese businesswoman who fled the country in 2017 after raising billions of dollars from Chinese investors in the name of bitcoin investments, was arrested in London and is facing a trial. In 2010, Qian’s company lured 128,000 elderly retail investors into fraudulent investments based on the price of bitcoins and smart bracelets that allegedly could mine bitcoins. After she was exposed, Qian escaped to the UK with a fake passport. She controls over 61,000 bitcoins worth $4 billion, and was trying to liquidate them by buying properties in London, which caught the attention of anti-money-laundering authorities. With her trial date approaching, her victims in China are hoping to recover their assets.
A smuggler recently bypassed import duties of $50,000,000. Alerted, Beijing assembled a crack team of armed detectives from across China. They met at an obscure private hotel whence they would stage the raid at 4:30 am the following morning. The smuggler burned the hotel to the ground at 12:30 am, killing them all, and moved to Canada, which welcomed his healthy anti-China opinions and generous support of democracy.
