Korean Banks Sue Newegg, Allege Massive Fraud, ‘Classic Ponzi Scheme’

NewEgg

A major lawsuit claims Newegg, ASI Corp, engaged in fraudulent transactions and built a major Ponzi scheme, defrauding four South Korean banks in the process.

The post Korean Banks Sue Newegg, Allege Massive Fraud, ‘Classic Ponzi Scheme’ appeared first on ExtremeTech.




via Zero Tech Blog

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