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.

The original article can be found here: https://www.extremetech.com/computing/257832-korean-banks-sue-newegg-allege-massive-fraud-classic-ponzi-scheme?source=Computing

Powered by WPeMatico

Innovation still undecided on Sharp rescue plans as Foxconn raises bid, tries to allay job fears

Article Image In the bidding war for Sharp, Innovation Network Corp. has yet to decide on a possible rescue plan, even as rival Foxconn is raising its bid and promising not to cut Japanese jobs, a report said on Friday.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4d39a287/sc/13/l/0Lappleinsider0N0Carticles0C160C0A10C290Cinnovation0Estill0Eundecided0Eon0Esharp0Erescue0Eplans0Eas0Efoxconn0Eraises0Ebid0Etries0Eto0Eallay0Ejob0Efears/story01.htm

Powered by WPeMatico

Apple a lurking factor in bidding war over Sharp, report suggests

Article Image The two entities bidding for control of Sharp — Hon Hai and Innovation Network Corp. — are both ultimately doing so with Apple as a major factor, a report said on Friday.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4d10bbec/sc/28/l/0Lappleinsider0N0Carticles0C160C0A10C220Capple0Ea0Elurking0Efactor0Ein0Ebidding0Ewar0Eover0Esharp0Ereport0Esuggests/story01.htm

Powered by WPeMatico

Google Brings Hamster-Eating Into Sticks-and-Stones Brawl With News Corp.


News Corp. and Google have lashed out at each other as the EU reconsiders the terms of its proposed antitrust settlement with the latter. News Corp. essentially accused Google of nefarious behavior in a letter to the European Competition Commissioner over the EU’s proposed antitrust settlement with Google. Perhaps the irony of the situation hit Google hard — News Corp., after all, is not known for its scrupulous adherence to ethics.
Google responded by saying Murdoch was accusing it of eating his hamster, a reference to a 1989 tabloid story.

The original article can be found here: http://www.ecommercetimes.com/story/81067.html?rss=1

Powered by WPeMatico