Manipulation, Frauds, Insiders Trading etc.

[behappyalways]

Thai Hookers, Chinese Bribes: 'Star Witness' Ellison Unveils Chaos Behind FTX's Fake Balance Sheets
https://www.zerohedge.com/markets/thai- ... fabricated

[behappyalways]

Sam Bankman-Fried Found Guilty On All Counts, Faces Over 100 Years In Prison
https://www.zerohedge.com/political/sam ... ried-found

[winston]

3 arrested in Singapore over suspected links to multi-million dollar 'refund fraud' scheme in the US

ARG advertised their refund fraud services heavily on online messaging forums, which resulted in hundreds of customers of the fraud, placing thousands of refund fraud orders.

The group would instruct fraud customers to purchase a product of their choice at one of the many retailers they targeted. They then collected information about the order and contacted the retailer to initiate a fraudulent refund transaction using a variety of tailored methods.

“After ARG was successful in deceiving the retailer into processing a fraudulent refund, the fraud customers would maintain possession of the item but would be refunded the entire purchase price. ARG charged customers of the fraud between 15 to 20 per cent of the total price of the refunded item.

Source: CNA

https://www.channelnewsasia.com/singapo ... ar-3916651

[winston]

Fraud in Asia

A review of Tan & Robinson's 2014 book.

by MICHAEL FRITZELL

Summary

Tan & Robinson’s book Asian Financial Statement Analysis is probably the definitive book on how to spot fraud and misrepresentation in this part of the world.

Be careful of companies with high margins, poor cash flows, fast-growing balance sheets and complex corporate structures with frequent related party transactions.

I have great respect for the detailed work that short-sellers carry out. In my experience, high-profile short-seller reports should always be taken seriously.

Source: Asian Century Stocks

https://www.asiancenturystocks.com/p/fr ... ions-email

[behappyalways]

The fraud group "AI changes faces" and fakes sending remittance instructions.
Multinational companies were defrauded by 800 million.
AI faked "multiple people changing faces".
The fake financial chief made a video call with almost no flaws!

詐團"AI變臉"假傳匯款指令 跨國企業被坑8億 AI深偽"多人換臉" 假財務長打視訊幾無破綻!｜非凡財經新聞｜20240205

https://m.youtube.com/watch?v=QG_JM64kYVw

[behappyalways]

Fake Starbucks recruits franchisees!
The fraud syndicate specializes in second- and third-tier cities and opens more than 50 stores in mainland China

冒名星巴克招加盟主!詐騙集團專挑二三線城市 大陸開店逾50家｜TVBS新聞

https://m.youtube.com/watch?v=AAej09AA_nY

[behappyalways]

Visualizing The Explosive Growth Of AI-Powered Fraud
https://www.zerohedge.com/technology/vi ... ered-fraud

[behappyalways]

FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud, to pay $11 billion in forfeiture
https://www.cnbc.com/2024/03/28/live-up ... ncing.html

[behappyalways]

How The Shadowy World Of Organized Retail Crime Works
https://m.youtube.com/watch?v=lcF257VjFa8

[behappyalways]

All clients are temporary performers!
A financial company hires 85 salespeople, all of whom are salary thieves who defraud their basic salary

客戶全是臨演!金融公司聘85名業務 全是薪水小偷騙底薪 ｜TVBS新聞

https://m.youtube.com/watch?v=9A3VdwjhHhU