6 California Companies Convicted for Scheme Avoiding $1.8 Billion in Customs Duties on China Imports

6 California Companies Convicted for Scheme Avoiding $1.8 Billion in Customs Duties on China Imports
China Zhongwang Holdings Chairman Liu Zhongtian poses for pictures just after trading had started at the stock exchange in Hong Kong on May 8, 2009. Mike Clarke/AFP via Getty Images
Ivan Pentchoukov
Updated:

A federal jury in Los Angeles on Aug. 23 convicted six southern California companies for taking part in a large-scale conspiracy to avoid paying $1.8 billion in customs duties by disguising aluminum imports as pallets.

The conspirators then sold the pallets to entities disguised to look like real customers with the intent of fraudulently inflating the value of China Zhongwang, the largest manufacturer of aluminum extrusions in Asia.

Ivan Pentchoukov
Ivan Pentchoukov
Author
Ivan is the national editor of The Epoch Times. He has reported for The Epoch Times on a variety of topics since 2011.
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