Insurance broker fakes ownership of F1 team in order to secure spot on Forbes list
In a surprising turn of events, a Hong Kong-based insurance broker, Calvin Lo, attempted to pad his resume in an audacious bid to be included on the Forbes Billionaires list. Lo made extravagant claims of being a stakeholder in a Formula 1 racing team, possessing a $250 million Champagne collection, and owning a luxurious five-star …