China Zhongwang Holdings Ltd. has been accused of running an elaborate scheme to import semifinished aluminum into North America for remelt, according to a report from Dupre Analytics. “We’ve confirmed Zhongwang is a fraud and discovered that this fraud is much larger and more complex than any previous Chinese stock fraud,” according to allegations in the report, which detailed the trading network operated by the company to move aluminum into massive stockpiles in the United States and Mexico.
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