Friday, June 13, 2008

Sneaker Tragedy

Whenever a natural disaster strikes, inevitably, bottom-feeders are looking for a quick score and swoop in and take from folks that have already lost a lot and are in the most vulnerable of mental states.

Read what a bank in China did with relief money that was ear-marked for food, clothing and shelter.

Are pricey running shoes considered emergency supplies? Employees of a local bank branch in the quake-hit Mianyang area apparently thought so.

Bank employees filed invoices claiming they bought umbrellas and raincoats with earthquake relief funds. Instead, they were found to have bought 56 pairs of Nike sneakers worth 28,500 yuan, according to the official Xinhua news agency. That works out to about US$72 a pair � not exactly wholesale prices. The branch has returned the money, Xinhua said.

*Excerpt taken from the WSJ Blog.*


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