Anorak | 99-Year-Old Zhou Zhiping On Trial For 130 Trillion U.S. Dollars Fraud

99-Year-Old Zhou Zhiping On Trial For 130 Trillion U.S. Dollars Fraud

by | 5th, February 2009

IN the Beijing Times 99-year-old Zhou Zhiping is up before the Beak, charged with robbing a Mr Chen of 749,000 yuan.

Zhou is the “oldest suspect in Beijing on record.”

It is alleged that Zhou claimed to be Li Liejun, a revolutionary who once followed Sun Yat-sen and was later appointed by Chiang Kai-shek as the governor of Jiangxi Province. Li died in 1946.

Zhou claimed that before Nationalist Party’s high-level officials fled China in 1949, they stashed a large number of American government bonds in overseas banks.

Those assets were now valued at over 130 trillion U.S. dollars. Zhou told Chen that to get the money he required a “key”, which – get this – number of 1996 issue US dollar banknotes with consecutive serial numbers.

Zhou needed Chen for money to fund the search for the “key”.

Chen tells the Beijing Youth Daily that he was not fully convinced by Zhou’s story, and only gave him money for a few years.

If found guilty, Zhou faces at least ten years in prison.

During which time Obama will begin his own hunt for the key that will access the funds and stimulate his stimulus like a wasabi enema up a bull’s little eye…

Bernie Madoff is emptying his wallet as we write.

Posted: 5th, February 2009 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink