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PC cooling specialist Zalman goes bankrupt due to fraud
- PhantomGremlin 12y agoWow, this isn't some penny-ante thing. From the article: [Zalman executives] have apparently spent the last five years producing fraudulent documentation ... inflated sales figures ... By increasing sales and exports Park and his associates were able to secure bank loans totaling $2.98 billion Who knew that building CPU cooling products could be so lucrative? Why does a company like that need to borrow even 1/10 that amount of money? Don't bankers do "due diligence" any more? There's probably a lot more to this story.