Chinese Man Creates Fake Bank Branch

At least he didn't build a ghost city.

FT: ‘Ghost bank’ spooks Chinese savers
Officers discovered a man, surnamed Zhang, had set up the bank and staffed it with his 15-year-old daughter and two of her classmates, according to Lanling County police spokesman Mr Song.

“If someone came requesting to withdraw the money, they would say that their network hadn’t been established yet, or that the authority hadn’t finished approval procedures,” Mr Song said. “They wouldn’t allow people to withdraw money.”

Mr Zhang told a reporter from Shandong Television he had formally applied to join a commercial bank network but had not been approved. “I just wanted to open a bank,” he said in a television interview from behind bars. “I didn’t think that much about it.”

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