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Started By
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re: Vietnamese billionaire, Truong My Lan, sentenced to death for $44bn (£35bn) fraud
Posted on 4/11/24 at 6:12 pm to Bestbank Tiger
Posted on 4/11/24 at 6:12 pm to Bestbank Tiger
44 bn dong would only be 1.7 million. 1 usd = 24,900 dong at the moment.
1
Posted on 4/11/24 at 6:30 pm to saint tiger225
If they did here practically every politician would be executed.
Posted on 4/11/24 at 6:32 pm to saint tiger225
(no message)
This post was edited on 4/11/24 at 10:33 pm
Posted on 4/11/24 at 6:57 pm to saint tiger225
Ho Cheat Men
Posted on 4/11/24 at 7:04 pm to BigD45
true but this is 44bn in USD which is like 5% of Vietnam's GDP or something. This is is as bad or worse than Bernie Madoff. Lot of every day citizens lost their life savings.
Posted on 4/11/24 at 9:03 pm to saint tiger225
Another bit of trivia: "Tr" is pronounced like "Ch".
Posted on 4/11/24 at 9:13 pm to saint tiger225
quote:
Her loans made up 93% of all the bank's lending.
Did she think she would get away with this?
Posted on 4/11/24 at 9:33 pm to saint tiger225
1, 3, 0
Posted on 4/12/24 at 6:53 am to saint tiger225
A worthy fricking adversary, dude
Posted on 4/12/24 at 8:21 am to saint tiger225
quote:
But prosecutors say that through hundreds of shell companies and people acting as her proxies, Truong My Lan actually owned more than 90% of Saigon Commercial.
That’s quite impressive, and actually doesn’t seem realistic.
Posted on 4/12/24 at 8:51 am to imjustafatkid
quote:
Government basically forced them to issue sub prime loans
Let’s go ahead and get you straightened out on this idea. The gov did not force anyone to issue sub-prime loans. As a matter of fact, sub-prime lending was roundly frowned upon by Wall Street<———-Initially.
Then, a few years later, when the brokers realized they could put that shite on their books, make 6 points, then sell the sub-prime garbage by mixing that shite into loan pools with “A Paper” credits, THAT is when shite got out of hand. Once Wall St figured out a way to make money with limited risk off that crap, that’s when shite got weird.
Posted on 4/12/24 at 9:07 am to saint tiger225
Police chick on the left is FIYA !!
Posted on 4/12/24 at 9:15 am to Ghost of Colby
niiiieeece
Posted on 4/12/24 at 2:28 pm to saint tiger225
They need to start hanging politicians.
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