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Tricolor’s Excel Guy Failed to Fix All Numbers in Alleged Fraud

Bloomberg Markets
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Tricolor’s Excel Guy Failed to Fix All Numbers in Alleged Fraud

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000It was, according to Daniel Chu, “the stupidest f—-ing thing [he had] ever heard.” That’s how the Tricolor Holdings founder, in a secretly recorded August phone call, described the blunder that ultimately exposed what authorities allege was a more than $1 billion fraud.

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Source: Bloomberg Markets