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

added 6 months 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.

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