Low interest rates in authorized banks made a lot of people interested in the schemes are not official.
Chinese police arrested five people after unpacking their fake bank was built to resemble the original bank.
Fake bank established in the city of Nanjing was to have had a uniformed officer standing behind the counter that looks realistic.
More than 200,000 people are deluded and lost about US $ 32 million after the promised high interest rates on their deposits.
Most of the victims of this fraud is the business owner of Jiangsu Province interested in the promised high interest rates.
Many people in China to invest in unregulated investment schemes because of the low interest in authorized banks.
Brain fraud, identified as Liu, along with four of his assistants is now in police custody, including seporang women who had already fled to the headquarters of gambling in Macau to bring and deposit funds.
Fraud was uncovered after an investor who has invested US $ 2 million complained to the police that he can not take interest deposits or withdrawals.
(source: BBC)
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