not many know of ENRON fraud
enron was an american company deceiving all its employees
it is quite severe and auditing and regulatory failure of a scale that it affects many companies
Every day posting lies for so long already, not tired meh?
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(25-03-2024, 06:57 AM)webinarian Wrote: [ -> ]
Every day posting lies for so long already, not tired meh?
.
Evergrande not collapse?
Evergrande not a fraud?...The China govt itself says it is a fraud.
Today another day of doing nothing?
Not fraud. Because to China CCP cbow ah tiong Fraud Cheat Scam are their daily activities job.
Nothing serious happen to this fraud having talking for many months but nothing happened.
It actually highlights how good the Chinese administration is in addressing scandals such as these by nipping it in the bud.
Contrast that to the financial meltdown fiasco in Wall Street during the 2008 subprime crisis which was the most severe economic crisis ($30 trillion of wealth lost) since the Great Depression and not a SINGLE wall street executive was jailed for cooking the books!
The CCB CECA Sgbutt will naturally want to sweep this under the carpet.
Ahbutt and gangs the ultimate amdk arse lickers stooge’s favourite subject mouth full of faces liao lah LMAO
TRIGGERED Ahmao the ultimate amdk arse lickers stooge’s still singing and dancing woh your daddies will reward you busload of cum LMAO
![[Image: IMG-20240310-WA0007.jpg]](https://i.ibb.co/PCL7NqY/IMG-20240310-WA0007.jpg)
(20-03-2024, 03:51 AM)sgbuffett Wrote: [ -> ]https://www.bbc.com/news/business-68603195
In terms of the amount involved, EverGrande was bigger because the total assets of Enron were only USD$63 billion whereas EverGrande's was about 1.8 Trillion Yuan or USD300 billion. Enron only had a total debt of about USD$13 billion. In terms of fraud, Enron used the mark-to-market method to inflate their accounting figures whereas EverGrande was caught just falsifying the accounts. In addition, EverGrande issued fraudulent bonds whereas Enron issued no bonds.
![[Image: Screenshot-2024-03-25-092845.jpg]](https://i.ibb.co/P4nhBF2/Screenshot-2024-03-25-092845.jpg)