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Gowex Chief Orchestrated Sham by Hiding Lies in Plain Sight

• teoruiz 12y ago
  I joined a startup wholly-owned by GOWEX 5 months ago. A startup that is now defunct. I know it sounds crazy but we all believed those numbers, we were happy, money everywhere. But from time to time one of my mental alarms would go off, and I would just ignore it. "What could possibly be wrong with this company? It's a publicly-traded company, after all." The moral of the story is: pay attention to your instincts.
  • greenyoda 12y ago
    "I know it sounds crazy but we all believed those numbers, we were happy, money everywhere. ... 'What could possibly be wrong with this company? It's a publicly-traded company, after all.'" Sounds like we've already forgotten about Enron[1]. They seemed to be rolling in cash, were hyped by Wall Street analysts and the media, etc. How could it all have been a scam? [1] https://en.wikipedia.org/wiki/Enron_scandal https://en.wikipedia.org/wiki/Enron_scandal
• wslh 12y ago
  Amazed that the research company that discovered the fraud is called Gotham City Research! http://gothamcityresearch.com/ http://gothamcityresearch.com/
• ejstronge 12y ago
  The article seems to totally ignore this, but how much money did Gotham City Research make from shorting this company?
  • spindritf 12y ago
    I don't think it's public knowledge. They did make money though. It's an interesting company and I wanted to submit another link[1] specifically about them but it's behind a registration wall. [1] http://www.ft.com/intl/cms/s/0/a841ea38-ca4d-11e3-8a31-00144feabdc0.html http://www.ft.com/intl/cms/s/0/a841ea38-ca4d-11e3-8a31-00144...
• maaarghk 12y ago
  Hey I know that name. I have a GOWEX WiFi network saved on my phone. IIRC it was an open network picked up whilst on holiday in Dublin which did not work in the slightest. /unrelated anecdote