HKMEx Scandal Widens As 4 Officials Arrested With $1/2 B in False Bank Documents
May 25, 2013 By The Doc 2 Comments
Last weekend we broke the news to US readers that the HKMEx was closing and would cash settle all futures contracts effective Monday, 5/20.
The intrigue around the exchange's failure exactly 2 years after it's 2011 launch just increased substantially, as 4 high level HKMEx executives have been arrested after being found with over $1/2 billion in false bank documents.
The HKMEx founder and CEO Barry Cheung Chun-yuen is reportedly now also under investigation for his involvement in the scandal. [Read more...] link to silverdoctors.com