Chinese Fake Gold - China's largest gold jeweler and Nasdaq-listed firm, was found to have raised 18 billion yuan with 80 tons of fake gold as collateral

#Kingold, China's largest gold jeweler and Nasdaq-listed firm, was found to have raised 18 billion yuan with 80 tons of fake gold as collateral. It was discovered that the gold bars were plated with gold and made of copper alloy. A dozen of trusts are involved: report pic.twitter.com/tqgdjoZEtF

— Secret Beijing (@Secret_Beijing) June 30, 2020