Saturday, August 15, 2015

‘Ghost bank’ spooks Chinese savers


China is known for its knock-offs: from clothes and toys to DVDs and counterfeit banknotes. Now a fake branch of China Construction Bank in Shandong province has joined the ranks of a “flagship” Apple store and a home-made branch of Ikea.

One of the world’s largest banks became the latest victim of an elaborate fake after a local man set up a branch of its bank complete with card readers, passbooks and three teenage girls at the teller counter.

The convincing-looking “ghost bank” near the city of Linyi joins some of China’s more impressive scams. More

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