$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 Historic Debt Costs Loom: 2025 Debt Interest Costs to Exceed World War II Levels READ MORE Silver's Hidden Potential: The Path to $50? READ MORE Gold Standard Could Be the Key to Ending Price Volatility, Fed Study Suggests READ MORE Can I Buy & Sell Gold Without Paying Taxes? [IRS Reporting] READ MORE ZeroHedge: Rothschild Family Ventures Into Bitcoin READ MORE Add a Comment Cancel replyYour email address will not be published.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