-Caveat Lector-

from:
http://www.insidechina.com/localpress/chonline.php3?id=209249
Click Here: <A
HREF="http://www.insidechina.com/localpress/chonline.php3?id=209249">Inside
China Today - Local Press - Six Phony St�</A>
-----
Six Phony Stock Markets Closed in Shanxi after Scamming More than USD 1.2
Million
SHANXI, China, Oct 13, 2000 -- (China Online) Imagine discovering that a
whole new stock exchange had opened just around the corner. Ridiculous? Three
hundred would-be investors in Shanxi didn't think so. And neither they nor
the police are laughing.
The Shanxi public security department and the Taiyuan Supervisory Office of
the China Securities Regulatory Commission (CSRC) have closed six separate
attempts to operate fake stock markets in the province since April.
The bogus stock markets appeared in Taiyuan, Linfen and in other cities of
Shanxi, reported the October 10 Hong Kong Ming Pao.
The accused allegedly took money from would-be investors and sold fake shares
to them, even charging commissions on the sales. Some operators also
conducted a phony "futures and options exchange," the article said.
To lure investors, some of these stock exchanges had computers displaying
what appeared to be financial data. Authorities claim, however, that the data
was counterfeit�created and manipulated by the accused.
In fact, orders could neither be passed to legitimate stock exchanges nor be
legally registered for transfer. All funds invested by the victims were
deposited into the personal bank accounts of the alleged perpetrators,
according to the article.
The Shanxi public security department and the securities supervisory
department investigated a total of six illegal securities operations. Four
companies named in the story are: Taiyuan Huihe Financial Consultative Co.,
Taiyuan Jinxuan Co. and Gujiao Jinsheng Investment Consultative Co.
More than 300 investors claim to have been swindled out of nearly CNY 10
million (USD 1.21 million). To date, the police have recovered only a
fraction of this figure, the story said.
(C) 2000 Copyright ChinaOnline. All rights reserved. Republication or
redissemination of the contents of this screen are expressly prohibited
without the prior written consent of ChinaOnline.
See the archive of the stories



    YOUR AD COULD BE HERE.
Click for details!

   Connectivity: Illuminati Online
 Ad Serving: Open Ad Stream     About EIN     Advertising Info     Privacy
Policy       � 1995-2000 European Internet Network Inc. All rights reserved.
-----
Aloha, He'Ping,
Om, Shalom, Salaam.
Em Hotep, Peace Be,
All My Relations.
Omnia Bona Bonis,
Adieu, Adios, Aloha.
Amen.
Roads End

<A HREF="http://www.ctrl.org/">www.ctrl.org</A>
DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substance�not soap-boxing�please!  These are
sordid matters and 'conspiracy theory'�with its many half-truths, mis-
directions and outright frauds�is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.

Let us please be civil and as always, Caveat Lector.
========================================================================
Archives Available at:
http://peach.ease.lsoft.com/archives/ctrl.html
 <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html">Archives of
[EMAIL PROTECTED]</A>

http:[EMAIL PROTECTED]/
 <A HREF="http:[EMAIL PROTECTED]/">ctrl</A>
========================================================================
To subscribe to Conspiracy Theory Research List[CTRL] send email:
SUBSCRIBE CTRL [to:] [EMAIL PROTECTED]

To UNsubscribe to Conspiracy Theory Research List[CTRL] send email:
SIGNOFF CTRL [to:] [EMAIL PROTECTED]

Om

Reply via email to