Chinese Firm Loses US$2 Million to Trusted Employee (opens original article in a new tab)

A Chinese company lost $2 million when an employee stole funds from client payments, leading to criminal charges against the employee.

• A Chinese company lost $2 million to an employee who stole funds from client payments.
• The employee, Huan Baoquan, was charged with money laundering and theft of trust property.
• Baoquan allegedly misappropriated funds from multiple sales of mining claims in Zimbabwe.