Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when the cargoes started arriving in China, all it found were containers full of painted rocks.
Commodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when the cargoes started arriving in China, all it found were containers full of painted rocks.
Hmm …. I’m starting to like the Turks. Good trick.
A crooked corrupt bunch in a Muslim country? Can not be, simply can not be.
The nice thing about carbon offsets is there is an unlimited supply so you don’t actually have to steal anything. The whole business is a fraud.
It’s called extortion.
Pro tip (and just the tip, just for a minute) — don’t buy $36 million worth of copper off of eBay! Especially when the seller advertises free shipping.
Usually, companies like Mercuria have other ways of dealing with these problems that don’t involve the authorities.
Careful buying Au from anyone Chinese or anyone located in China.
That is Canada’s downfall coming.
Our governments have made illegal our lifestyle so that we have to import everything.
And as such, the quality has totally tanked.
It was the Russians
https://youtu.be/7Xuw-XKP1sI
Also consider that the Chinese actually planned this as a way to put some Chinese currency through the wash cycle.
Insurance scam
“… and when the Turks began counting their payment all they found were containers of Canadian money”
Now that is funny!
LMAO…..too true..!!
JDN, now that’s some funny:-)))
Even better if it was Canadian Tire money!
Canadian Tire is Chinah in spades.
Po’ed
Yea….and with a Continuing mask mandate to boot.\
Imagine dat…?
It literally blows me away the number of vacuous still wearing masks -EVERYWHERE…?? Whaaa..??
Search engines suck now. I used to be able to find the news story about the fellow who converted Canadian Tire money into chips at Monaco. They apparently thought it was Canadian currency. After all, it has “Canadian” and “Money” on the printing, so it must be real…
Guessing it’s your run of the mill insider longshoreman organized crime. Wait for off hours…switch the cargo….seal it and you have weeks until someone looks inside the crates again. I doubt the supplier even knew about it. They were, apparently, a past supplier with Mercuria and didn’t have any previous problems…which suggests a business relationship they wouldn’t jeopardize doing this stupid shit.
Ah, yup…the article says they have their suspects….and it was organized crime. Wouldn’t want to be those guys. Turkish prisons have an interesting reputation. You get some water to drink if it rains the night before.
When the Canadian Army left Afghanistan they did something extremely stupid. The brought home a bunch of crap, by train through Afghanistan and Pakistan to the coast. When the containers made it to Canada, they were full of rocks. SOP in the shithole world.
hahahahahahaha
“Normally, in such cases of non-delivery a trading house could make a claim against a cargo’s insurance policy. But Mercuria found that just one out of seven contracts used by the Turkish company to insure the cargo was real. The rest had been forged.”
Fraud all the way around.
Why would they bother painting the rocks?
Given that Gabon is selling Norway credits at $5 per tonne, it’s probably safe to assume that they are selling the same credits over and over again….
nice racket if you can get it
I looked into carbon credits; that is to say, I have some land and was thinking of planting Pecan trees and looked to getting paid for it. Not really worth it. You can get about $20 per tree but you lock in the trees for 130 years. If you sell the land later, the buyer has to agree to keep all the trees, and so on. I’m sure it’s a great corporate scam – buy credits from someone in a foreign country who says they’ll plant trees and then it’s no longer your problem.
No one else thought Atlas Shrugged? The nationalization of the copper mine in Mexico, followed by the howls of “you tricked us!” when it turned out there wasn’t actually any copper at that hole in the ground?
(for AllanS and UnMe, the thieves were complaining that what they stole was worthless, instead of being the valuable asset that it had been promoted to be.)