A defendant in a China-US postage fraud case pled guilty, accepted US$150+ mn in asset forfeitures & restitution, and will help authorities expand the case, which may involve listed Chinese firms.
What is covered in the Full Insight:
Major development in China-US postage fraud case
Details of Chen's guilty plea
Revelations from the plea document
Possible involvement of major retail and logistics players
Implications and potential impact of the ongoing investigation
SUMMARY
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