Gold bars with faked logo slipped into global markets, JPMorgan vaults: report
Gold bars stamped with fake logos of major refineries have been circulated into the global market and landed in the vaults of JPMorgan Chase & Co. — part of a plot to launder smuggled or illegal specimens of the precious metal, according to a report.
Bars worth at least $50 million stamped with the logos of Swiss refineries that did not produce them have been identified by all four of the country’s top gold refiners in the last three years, Reuters reported.-- More...
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