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Hin Leong[0] is about to go the way of wirecard with a ’hole’ of mere $3B USD. I’ll hazard that we’re seeing only the firsts in a wave of [cooked up] companies
by rixrax 6y ago
Hin Leong[0] is about to go the way of wirecard with a ’hole’ of mere $3B USD.
I’ll hazard that we’re seeing only the firsts in a wave of [cooked up] companies imploding.
[0] https://www.wsj.com/articles/massive-forgery-helped-hide-3-billion-hole-in-energy-traders-books-11592993288 https://www.wsj.com/articles/massive-forgery-helped-hide-3-b...
- hef19898 6y agoCOVID-19, and the accompanying economic down turn has a, hopefully positive, side effect. it exposes all the fault lines, all the cracks and quite a few high level crooks. In business, finance, society. Let's keep fingers crossed that longterm effects aren't too severe.