China’ Economic Crimes On the Rise
It stands to reason that if economy is good, more people are making deals, selling, buying, planning, investing, stealing, embezzling, …
The number of economic crimes in China for the first ten months of this year reported by police was 62,000, up 9.1% (about the same as the economic growth) over the same time frame last year.
Pyramid selling and fund-raising fraud were biggies.
Chinese police say they were able to solve nearly 80% of those crimes, up 4.3% from last year. More crimes, but better police capability….
More than $1.5 billion in losses from the crooks was recovered up more than 50% from last year.
There were 507 cases of illegal pooling of public funds and 501 cases of fund-raising fraud.
With prosperity there is always the unfortuate rise in those who want to be prosperous as well…but not work to get there.
What do you think?
The biggest perpetrators are those in the government. There is direct relationship between the level of position and size of crime.
The reality of clean-up is 1% action and 99% hypocricy.
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