New Method of Avoiding Capital Controls: Lose Lawsuits

China Capital Flight 2.0: Lose A Lawsuit On Purpose
The adviser had called him essentially to ask Harris & Moure to help the Chinese company deliberately lose a lawsuit for a phony breach of contract that would result in a payout of $3.5 million, which the Chinese company would then send to the U.S.

The money, as it turns out, would be paid to entities in the U.S. controlled by the Chinese company itself.

No comments:

Post a Comment