Cutouts


Trader Buys $36 Million of Copper and Gets Painted Rocks Instead  

added 23 days ago by @icyflame ARCHIVES

copper theft market trade corruption insurance    

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.

Cutouts is an open source application. Code licensed under the MIT license. Copyright 2018 Siddharth Kannan