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Fake Red Blood in a tube – Reduced

Product Information • New in Stock • Ladies White Blood Stained Stockings with Tube of Blood • Made with High Quality standards • Easy To Wear • Ideal Accessory For Halloween Fancy Dress Costume Other Information • Costume Include: Stockings With Tube Of Fake Blood • International Postage may Vary, please contact before you purchase • Colour may slightly vary from pictures • Please email for any inquiries

  • NEW IN
  • • Ladies White Blood Stained Stockings with Tube of Blood
  • • Made with High Quality standards
  • • Ideal Accessory For Halloween Fancy Dress Costume
  • • Please email for any inquiries

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South Korean banks sue online retailer Newegg for alleged Ponzi scheme

Why it matters to you

Newegg is one of the internet’s most popular computer hardware stores, but this lawsuit could spell trouble. Online computer hardware and accessory store[1] Newegg has been sued by four South Korean banks. The L.A.

Times reports[2] that the banks allege that Newegg collaborated with South Korean hardware firm Moneual to defraud them of hundreds of millions of dollars. The lawsuit, which was filed in U.S. District Court in Los Angeles, claims that Newegg[3] and computer wholesaler ASI Corp. made false orders for home-theater computers from Moneual.

The banks claim that Moneual organized the scheme and used the fake orders to obtain funds from the four banks. Newegg and ASI allegedly received a cut of the money in exchange for their cooperation. Moneual pulled in more than £3 billion from the from 10 South Korean banks.

The company defaulted on many of those loans and ended up owing the banks about half a billion dollars. In 2013, Hong-seok Park, the company’s CEO, was sentenced to 25 years in prison, in addition to hefty fines. A higher court later reduced his sentence to 15 years.

Now the banks have filed suit against Moneual’s alleged partners. The lawsuit argues that the banks loaned Moneual hundreds of millions of dollars, based on the large volume of orders made by Newegg and ASI. The computers that Moneual ordered were allegedly priced at 300 times their actual retail value, which is why the banks believe Newegg and ASI were part of the scam.

“No such business would have bought the products at such an inflated price, unless it intended to create the illusion of extensive, profitable, high-value commerce between it and its supplier for the purpose of defrauding lenders into supporting the transactions,” the lawsuit alleges. The four banks are demanding a jury trial and monetary damages. They say that £230 million is still owed from the faulty loans that Moneual obtained.

Founded in 2000, Newegg is based in the City of Industry, California, and is a popular computer accessory and hardware retailer. The company is owned[4] by Hangzhou Liaison Interactive Information Technology, based out of Bejing. As of right now, it is unclear whether or not the banks will be going after Newegg’s parent company.

At this time, Newegg has yet to comment on the lawsuit.

Editor’s Recommendations

References

  1. ^ hardware and accessory store (www.digitaltrends.com)
  2. ^ reports (www.latimes.com)
  3. ^ Newegg (www.newegg.com)
  4. ^ owned (www.digitaltrends.com)

Grafix Crystal Tattoos And Jewellery Set (Tray Color May Vary) – Bargain

Sparkle from head to toe with the Crystal Tattoos and Jewellery Set. Create glittering body art and fashion accessories with this fun design kit and workstation. There are lots of jewel-based temporary tattoos to wear and shiny beads to make your own unique bracelets. Suitable for ages 5+ Safety Information: Warning. Not suitable for Children under 3 years.

  • Grafix crystal tattoos & jewellery set, make your body sparkle. Design, decorate, fun for girls.
  • sUITABLE FOR 8 YEARS PLUS.
  • Assorted beads for making custom bracelets
  • Great girls gift idea
  • Contains: Assorted Crystal Tattoos,Body Jewellery, Crystal Beads, Gel String, 1 Work Station and instructions.

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