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CHINA BIOTICS INC Message Board

  • waldo_mushman waldo_mushman Jan 31, 2011 4:51 PM Flag

    How to fake bank balances

    1. Do not present a monthly or yearly statement, present a balance for a single date.
    2. Ask your banker how much they will charge for a 2 hour loan fully secured.
    3. When told the fee will be .01% assuming the account is frozen while the loan is in it you agree to pay $7,000.00 for a 2 hour loan of $70,000,000.00.
    4. Ask the bank to issue a bank balance while the loan proceeds are in the bank.
    5. Repay the 2 hour loan.
    6. Hand out copies to large mouth bass and giggle with no R's.
    7. If the bank won't go for the deal, try some other hot money player who will charge 5 times as much.

    John

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    • this is probably what CEU did lol

    • Thanks for the info.

      Now if you could please give us a step by step process on how to have a gender change for Don Monford? Apparently, he is intrigued by this opportunity after he cashes in on his puts.

    • BANK CONFIRMATION FRAUD

      from Capital Confirmation Inc. Presentations

      "The Parmalat fraud is the largest cash and investment confirmation fraud ever discovered, but it is not the only case of confirmation fraud used to steal cash or falsify financial reports. Here is just a sampling of some of the more significant public and private company confirmation frauds from recent years: Satyam (2008 - 2009), Take Two (2007), Ahold (2005 - 2006), Kmart (2005 - 2006), Refco (2004 - 2006), Parmalat (2003), All First Financial (2002)."
      https://www.confirmation.com/resources/white-papers/confirmation-fraud.aspx

      "Parmalat: $5 Billion Bank Confirmation Fraud
      •10 year fraud by Executive Management
      •Audited every year
      •Parmalat acknowledged in a press release dated December 19, 2003, that the assets in its 2002 audited financial statements were overstated by at least €3.95 billion (approximately $4.9 billion)
      •Auditors certifiedthe 2002 financial statements based upon a false confirmationthat the company held these assets at Bank of America. The bank account and the assets did not exist and the purported confirmation had been forged" www.nysscpa.org/committees/auditing/cci.ppt

      Sample of Recent Confirmation Frauds
      Company Years Public or Private Fraudsters
      1 Take-Two 2007 Public Management
      2 Daisytek International 2006 Public CEO, CFO, Controller, EVP, VP
      3 Ahold 2005-2006 Public Executive Management
      4 Refco 2004-2006 Public Executive Management
      5 Parmalat 2003 - 1993 Public Top Management
      6 Barings 2002-2003 Public Management
      7 Safescript 2002-2003 Public Management
      8 Allfirst Financial 2002, 2001 Currency Trader
      9 Healthsouth 2001 - 1996 Public Top Management
      10 Quintus 2001, 2000, 1999 Private & Public CEO
      11 Three Point Digital 2000 Private Vice President
      12 Digital Lava 2000 Public Vice President of Sales
      13 Logo Athletic 1999 Private President
      14 Converse 1999 Private Vice President
      15 Adidas 1999 Private Executive
      16 Fila USA 1999 Private President & CEO
      17 Just for Feet 1999 Public President, Executive Vice President
      18 CF Foods 1999 Private General Partner
      19 North Face 1998, 1997 Private CFO & Executives
      20 Manhattan Bagel Corporation 1998, 1997, 1996 Public Executive Management
      21 Financial Asset Management 1998, 1997, 1996 Private General Partner
      22 YBM 1998, 1997, 1996 Public CEO & Executives
      23 Hybrid Networks 1997-1996 Private & Public Vice President of Sales
      24 American Bank Note Holigraphics 1997 Private CEO & Chairman
      25 Physician Computer Network 1997, 1996 Public CEO & Executives
      26 Suprema 1996 Private Corporate Officers
      27 Happiness Express 1995 Public CEO & Chairman, CFO, VP
      28 Bio Clinic 1995, 1994 Public Vice President of Finance, Controller,
      Asst. Controller, Manager of
      Information Systems
      29 Sunrise Medical 1995, 1994 Public Executive Management
      30 Northstar Health Services 1995, 1994, 1993 Private & Public CEO & Executives
      31 Kurzweil Applied Intelligence 1994, 1993, 1992 Private & Public President & CFO
      32 RSI 1991, 1990, 1989, 1988 Private Owner
      33 BCCI Bank 1990, 1989, 1988 Public Top Management
      34 Refco 1988-1991 Public Investment Advisory and Staff
      35 ZZZZ Best Carpet Cleaning 1987, 1986, 1985 Private & Public CEO & CFO
      14
      www.nysscpa.org/committees/auditing/cci.ppt

    • You are unbelievable.....

    • Wouldn't it be easier - in this day and age - to "photo shop" a fake bank statement? And since that can be done with any document, shouldn't we mistrust all document? Sadly for you, there is nothing you can really believe in. Hope I didn't take all the fun out of dreaming up ways to fake stuff!!!

    • 1. Write a check from subsidary A to subsidiary B for 30,000,000.
      2. Deposit the check and ask for a statement of balance.
      3. Write a check from subsidiary B to subsidiary A for $20,000,000.
      4. Ask for a statement of balance.
      5. Go to the clerk that took the deposits and tell him you made a mistake. You meant $20.00.
      6. Void both checks.
      7. Make copies of the bank balance statements and distribute them to large mouth bass.

      John

 
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