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Mattel fought elusive cyber-thieves to get $3M out of China
by Erika Kinetz

The Associated Press    Translate This Article
29 March 2016

On 29 March 2016 The Associated Press reported: Sophisticated cyber-thieves tricked Mattel Inc., the Los-Angeles based maker of Barbie dolls, into sending over $3 million to a Chinese bank account they controlled. The funds were swept up in a tide of dirty money that passes through China, which is emerging as global money laundering hub. Wenzhou, a gritty enclave on China's eastern coast, is emerging as a significant transit point in global money-laundering networks. Global Good News service views this news as the failure of modern government and business systems. Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.

To read the entire article click here

Associated Press writer Eric Tucker in Washington and researcher Fu Ting in Shanghai contributed to this report.

AP EDITOR'S NOTE -- Second of two parts on how con artists are using China to launder their ill-gotten gains.



Global Good News comment:

Maharishi's Vedic Approach can solve the problems reflected in the above article and in all areas of life: agriculture, business, culture, education, government, and world peace. For more information please visit:
http://maharishi-programmes.globalgoodnews.com/

Every day Global Good News documents the rise of a better quality of life dawning in the world and highlights the need for introducing Natural Law based—Total Knowledge based—programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.



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