$10 Million Gold Smuggling Scheme Unveiled by Hong Kong Customs Hong Kong authorities made their largest gold smuggling bust, confiscating $10.7 million worth of gold cleverly disguised as machine parts destined for Japan. The 146 kilograms of gold were ingeniously molded into shapes resembling screws and cylinders, painted to look like parts of air compressors in an airplane’s cargo. The discovery was made during a routine examination on March 27, leading to the arrest of a 31-year-old man connected to the smuggling operation. While the suspect has been released on bail, the case highlights the lengths smugglers will go to in circumventing customs laws, which could result in up to seven years of imprisonment and a $2 million fine for those convicted. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Great Cash-Out: Billionaires Have Sold a Combined $11 Billion in Company Stock This Month READ MORE U.S. Job Growth Surpasses Expectations with 272,000 New Jobs in May READ MORE U.S. Jobless Claims Hold Steady, Suggesting Strong Labor Market READ MORE The Regional Banking Crisis Never Ended READ MORE Thirty-Six Minutes of Chaos: Analyzing the Flash Crash READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment