Possible Fraud Leak
On April 2, 2010, a former CGS employee Tonya Welch, released information about an alleged "fraud scheme" by which the new buyers of the CPL had made fictitious statements to the general public and to the previous owner of the CPL. She claimed that the investors were not from Abu Dhabi, as had been announced, but that the purchase was actually conducted by a private group of US investors. Despite the allegations the acquisition was ultimately completed by WoLong Ventures of Singapore.
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Famous quotes containing the words fraud and/or leak:
“He saw, he wish’d, and to the prize aspir’d.
Resolv’d to win, he meditates the way,
By force to ravish, or by fraud betray;
For when success a lover’s toil attends,
Few ask, if fraud or force attain’d his ends.”
—Alexander Pope (1688–1744)
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—Herbert Hoover (1874–1964)