You cannot believe how sophisticated fraud can be. There was an amazing fraud scheme in Germany in the 1990s by a company called FlowTex. Their business was selling drilling machines for the oil and gas industry.
The amazing part about the fraud was that they sold 3000 drilling machines, but only about 300 actually existed. You would think it should be easy to simply count the existing drilling machines, but they changed the serial number plates and presented the same machines over and over again to investors and auditors. Just unbelievable that this worked for a few years.
It makes me wonder if a life of white collar crime is worth it... Before MEGA, Kim Dotcom was someone who took investor money and spent it lavishly (his website had a lot of photos of luxury cars, villas and parties), skimming his Wikipedia, it says he only got a suspended sentences from the German courts...
The amazing part about the fraud was that they sold 3000 drilling machines, but only about 300 actually existed. You would think it should be easy to simply count the existing drilling machines, but they changed the serial number plates and presented the same machines over and over again to investors and auditors. Just unbelievable that this worked for a few years.