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Postage Fraud Case Update: Guilty Plea, Asset Forfeiture, & Restitution Set at a Whopping US$158 Mn!

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410 Views14 Apr 2024 10:38
A defendant in a China-US postage fraud case pled guilty, accepted US$150+ mn in asset forfeitures & restitution, and will help authorities expand the case, which may involve listed Chinese firms.
What is covered in the Full Insight:
  • Major development in China-US postage fraud case
  • Details of Chen's guilty plea
  • Revelations from the plea document
  • Possible involvement of major retail and logistics players
  • Implications and potential impact of the ongoing investigation
SUMMARY
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Asian Equities Analyst, Logistics & Transport
China & TaiwanIndustrialsEquity Bottom-UpThematic (Sector/Industry)
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