
Fake medicine hits retail investors hard
Individual investors took a severe beating from the fake herbal medicine produced by Naturalendo Tech, with their combined investment losses estimated at more than 600 billion won ($559 million).
“About 9,400 retail investors held a combined 54 percent stake in Naturalendo Tech as of the end of last year. They likely suffered hefty losses as the company’s stock prices fell sharply Thursday after the authorities said the herbal medicine contained uncertified ingredients,” an official at the tech-heavy KOSDAQ market said.
http://www.koreatimes.co.kr/www/news/biz/2015/05/488_178130.html
Related Posts
Two N.Y. men sentenced in cigarette-smuggling scheme
Federal prosecutors alleged that the two men collaborated to facilitate a...
How Aussies are buying illegal fake designer products from China that look exactly like the real thing – as one TikTok star boasts of spending $50,000 on counterfeit clothes
Aussie shoppers are turning to Chinese websites to buy fake brand name products...
Gibraltar vows to strengthen fight against cigarette smuggling
Gibraltar vowed Tuesday to step up its fight against cigarette smuggling from the...
OPA Lives On For The International Anti-Counterfeiting Coalition
Last week the International Anti-Counterfeiting Coalition (IACC) held their...