Commissar SFLUFAN Posted June 27, 2020 Share Posted June 27, 2020 German payments processsing company Wirecard collapses in "elaborate fraud" after $2 billion in bank accounts in the Phillipines found to not actually exist. This is Markus Braun, the CEO who was arrested and released on bail: And this is Deiter from Sprockets, a fictional West German TV show from 80s SNL: @Commodore D - SoftBank invested $1 billion in this one too 2 Quote Link to comment Share on other sites More sharing options...
CayceG Posted June 27, 2020 Share Posted June 27, 2020 Jesus christ, is Softbank just the biggest funder of scams and grifts on the planet? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 27, 2020 Author Share Posted June 27, 2020 5 minutes ago, CayceG said: Jesus christ, is Softbank just the biggest funder of scams and grifts on the planet? They could very well be either the dumbest or unluckiest (or both!) capital provider that has ever existed. Quote Link to comment Share on other sites More sharing options...
Anathema- Posted June 27, 2020 Share Posted June 27, 2020 softhead Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 27, 2020 Author Share Posted June 27, 2020 At this point, I imagine what constitutes "due diligence" at SoftBank is just walking into a pitch meeting, saying "I made this" while holding up a poorly-made paper mache sculpture that looks like absolutely nothing, and then walking out with $1 billion. Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted June 27, 2020 Share Posted June 27, 2020 9 minutes ago, Emperor Diocletian II said: At this point, I imagine what constitutes "due diligence" at SoftBank is just walking into a pitch meeting, saying "I made this" while holding up a poorly-made paper mache sculpture that looks like absolutely nothing, and then walking out with $1 billion. D1P let's do this. Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted June 27, 2020 Share Posted June 27, 2020 49 minutes ago, CayceG said: Jesus christ, is Softbank just the biggest funder of scams and grifts on the planet? When I worked for one of SoftBank's a million acquisitions there were stories that Masayoshi Son being the most random billionaire CEO. We were a Google Suite company and I spent months buying and installing a bunch of Skype-powered Surface Hubs costing tens of thousands of dollars each because he did a conference with Satya Nadella. Why? No idea. That was the reason I was given for just tearing my budget to shreds. He just had everyone across every subsidiary buy them up by the truckload just because. There were rumors he has one craned into his office, even. That's my only SoftBank is run by crazy people story. Nothing there company did made sense. Half of everything they did looked like the choices were based on something Son thought was cool or he had some great idea he never explained to anyone else. 1 Quote Link to comment Share on other sites More sharing options...
Ricofoley Posted June 27, 2020 Share Posted June 27, 2020 17 minutes ago, Zaku3 said: D1P let's do this. We just gotta figure out what industry we can "disrupt" that hasn't been disrupted yet. Please keep in mind that said "disruption" definitely does not have to make anything easier or better for consumers, but it definitely does have to involve an app. 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted June 27, 2020 Share Posted June 27, 2020 If it's SoftBank, he's guilty Quote Link to comment Share on other sites More sharing options...
Ghost_MH Posted June 27, 2020 Share Posted June 27, 2020 8 hours ago, b_m_b_m_b_m said: If it's SoftBank, he's guilty I'm telling you that if you can put a good enough presentation in front of Son, you'll likely get money out of them. I remember when they bought ARM there was a request to switch all the robots over to run on ARM. However, what that meant was anybody's guess. Also, there was an existing agreement in place with Intel. Also, ARM doesn't make chips so who is supposed to replace Intel here? Qualcomm? Samsung? Mediatek? I'm so happy I wasn't very much involved with any of that. I also don't think any changes there were actually ever made. Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted June 27, 2020 Share Posted June 27, 2020 Is it really a multibillion company if the billions are imaginary? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted June 27, 2020 Author Share Posted June 27, 2020 Deiter: "Now is ze time on Sprockets vhen ve dance!" Markus: "Now is ze time in Virecard vhen ve commit accounting fraud!" Quote Link to comment Share on other sites More sharing options...
Zaku3 Posted June 27, 2020 Share Posted June 27, 2020 1 hour ago, LazyPiranha said: Is it really a multibillion company if the billions are imaginary? But isn't it all imaginary? Quote Link to comment Share on other sites More sharing options...
LazyPiranha Posted June 27, 2020 Share Posted June 27, 2020 He looks like the imaginary love child between Deiter and Clarence Bodicker. At least Clarence was heavily invested in blow. Quote Link to comment Share on other sites More sharing options...
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