Chinese farmer sets up a fake bank

Zhang,  a Chinese farmer set up a fake branch of one of the world’s largest banks was caught when he stopped customers withdrawing money. He created the China Construction Bank in Shandong  a fake branch  with card readers, passbooks and three teenage girls as bank tellers and ran for over a month and swindled thousands of dollars.  One customer deposited $6,200 but realised she could not withdraw. The Managers of the real branch spotted the fake transaction and called the police.

last year a co-operative near  Nanjing, fraudulently  upgraded itself into a bank and attracted $32million  in deposits after promising a 2 per cent interest per week.