Frauds Experience Sharing Similar to Ssangyong Corp Frauds R
Posted: Wed Sep 11, 2002 1:00 am
ANOTHER ‘SOLO’ CLASS DC FRAUD CASE UNCOVERED IN SOUTH KOREA
Mark Ford has reported today (10 September 2002) the DC frauds made by the Ssangyong Corp of South Korea.
There is nothing new under the Sun. About eight years ago, we handled six out of 36 DC frauds cases committed by one corporation similar to the Ssangyong Corp in magnitude and background. The fraudster is also a public listed corporation in South Korea. It was the dream customer for many banks at that time, same as the SOLO Group in UAE.
We note from Mark Ford's report that a total of six banks are involved but only the name of four banks are given. We have seen one international bank getting involved in each and every fraud case that we have handled. So we wonder this time this bank is also involved or not. Would Mark Ford be kind enough to let us know the names of the other two banks, just to satisfy our curiosity.
Even if this bank were also involved, as a consultant, we would not say anything in this Discussion forum anyway to keep our integrity. So Mark, you have no worries.
We encourage other members to share their experiences here so that we could learn from the experiences of others.
I WILL JOIN DC PRO ON 28 SEPTEMBER 2002
I am leaving Toronto for Montreal for the period of 13 - 27 September 2002 to participate in Vipassana Meditation Course to find inward peace and enlightenment so that, as a by-product, it helps my work in determination of discrepancies and in building logical analysis to resolve DC problems and disputes. The main objective is to liberate myself from my “inherent vices” and to know the meaning of the Universe, as well as to help others to free themselves from these bewildering worldly affairs.
www.tolee.com
[edited 9/11/02 5:43:05 PM]
Mark Ford has reported today (10 September 2002) the DC frauds made by the Ssangyong Corp of South Korea.
There is nothing new under the Sun. About eight years ago, we handled six out of 36 DC frauds cases committed by one corporation similar to the Ssangyong Corp in magnitude and background. The fraudster is also a public listed corporation in South Korea. It was the dream customer for many banks at that time, same as the SOLO Group in UAE.
We note from Mark Ford's report that a total of six banks are involved but only the name of four banks are given. We have seen one international bank getting involved in each and every fraud case that we have handled. So we wonder this time this bank is also involved or not. Would Mark Ford be kind enough to let us know the names of the other two banks, just to satisfy our curiosity.
Even if this bank were also involved, as a consultant, we would not say anything in this Discussion forum anyway to keep our integrity. So Mark, you have no worries.
We encourage other members to share their experiences here so that we could learn from the experiences of others.
I WILL JOIN DC PRO ON 28 SEPTEMBER 2002
I am leaving Toronto for Montreal for the period of 13 - 27 September 2002 to participate in Vipassana Meditation Course to find inward peace and enlightenment so that, as a by-product, it helps my work in determination of discrepancies and in building logical analysis to resolve DC problems and disputes. The main objective is to liberate myself from my “inherent vices” and to know the meaning of the Universe, as well as to help others to free themselves from these bewildering worldly affairs.
www.tolee.com
[edited 9/11/02 5:43:05 PM]