Chinese Billionaire also Accused of Defrauding Investors by Inflating Value of Publicly Traded Company Through Sham Sales of Aluminum Stockpiled in U.S.
Liu and his co-defendants orchestrated the bogus sales of aluminum to Liu-controlled companiesPowered By LawFuel –LOS ANGELES – A federal grand jury indictment unsealed late Tuesday alleges a complex financial fraud scheme in which a Chinese company exported to the United States huge amounts of aluminum – disguised as “pallets” to avoid customs duties of up […]