# Financial Crime
Latest news and articles about Financial Crime
Total: 2 articles found
Ghost Buyers and Forged Seals: The New Sophistication of China's Property Scams
A wave of sophisticated real estate frauds across China, involving internal embezzlement and complex financial 'tool buyer' schemes, has exposed deep structural vulnerabilities in the nation's property sector. Experts argue that as market growth plateaus, the lack of price transparency and oversight in the intermediary sector is facilitating more predatory and deceptive criminal tactics.
The Shadow Billionaire: How an Alleged Money-Laundering Empire Unraveled on Wall Street
JPMorgan Chase has blacklisted billionaire Tang Hao following revelations of a massive money-laundering operation involving AI stocks and Southeast Asian scam syndicates. Tang is accused of using Nasdaq-listed AppLovin to wash billions for criminal kingpins and siphoning funds from China's Tuandaiwang P2P collapse.