Chinese billionaire charged in wild, $1.8-billion L.A. aluminum-smuggling scheme

Chinese billionaire charged in wild, $1.8-billion L.A. aluminum-smuggling scheme

by Alex Wigglesworth

A Chinese billionaire and the company he founded were accused of hatching a scheme to avoid paying $1.8 billion in tariffs by disguising “huge amounts” of aluminum as pallets and smuggling the material into the United States, according to a federal indictment unsealed late Tuesday.

All credit goes to Alex Wigglesworth
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