Myanmar: Burmese Among Victims of Massive Jade Scam in China

Aug 8, 2014 | Echo Hui, The Irrawaddy
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HONG KONG — Hundreds of people, including Burmese jade dealers, have seen their fortunes vanish in a scam described as the biggest jade fraud case in the history of the People’s Republic of China, police in the country’s southwest have revealed.

Up to 1 billion yuan (US$160 million) worth of jade treasures were taken by a 33-year-old Chinese conman named Zhong Xiong over the past few months, according to Chinese police’s preliminary investigation.