Underground Bank Busted – “I didn’t know it was illegal.”

Posted by Bill Belew on July 22nd, 2007 in Japan | Comments Off

Chinese man told police, "I just helped (the customers) out, I didn't know it was illegal."

The man charged from 0.9-1.1% to help customers in Japan send a total of 3.87 million ($30kish) to their families back in China on at least 12 occasions and may have gathered customers from 34 prefectures and sent a total of about 2 billion yen ($16 million?).

At 1%, he made $160Kish…not bad for helping out.

The guilty also used false names and made frequent trips back and

forth to China.underground.bank.jpg

I don't suppose he thought using a bogus name to 'lend a little' help was illegal either.

The man is under arrest and is accomplice is hiding out.

You can't fault the Chinese for their ingenuity, can you? 

Would you pay someone 1.0% for a money transfer if he used a fake name?

 

 


 

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