In what may be one of the most lucrative forms of fakery to come out of China yet, a rural cooperative posing as a bank in Nanjing, Jiangsu province reportedly managed to collect around 200 million yuan from more than 200 customers in the past year
Xinhua reports that the cooperative, convincingly fitted with LED screens, faked documents and uniformed tellers, was able to attract hundreds of customers with the promise of higher interest rates.
“It is decorated exactly the same as a bank. The shop-front, counters and the queue machine, everything makes customers believe it’s a real bank. And the manager kept trying to assure me that they were reliable. I had no doubt at the time,” a duped customer said in a CRI report.
So far, one legal representative cooperative and four “managers” of the fake bank have been detained. Police expect that more victims of the scam will surface in coming weeks.
[Image via CRI]