THE cryptocurrency scam, READ : stole USD$14 billion from more than 10 million people.
MBI spelled backwards is IBM, which press reports claim as proof that Tedy Teow wooi Huat wanted to build the scheme to be as big as International Business Machines Corporation.
THAT though is actually a myth. Tedy Teoh Wooi Huat actually had a knack of using larger corporations namesake to garner attention.
CASE in point, according to US SEC fillings Tedy Teoh Wooi Huat, has a digital sports entertainment company VIEW : Apple iSports Group Inc.
TALKING about myths, Ideal Property Group controlled by Alex Ooi Kee Liang says READ : the company has nothing to do with MBI.
WHICH is why, we should not jump to the conclusion that the RM3.5 billion frozen.due to AMLA related breaches , shouldn't be constructed as having been forfeited.
SO far not a soul from the legion of Tan Sri's and Datuks , who have had to their knuckles merely pinched, have been charged in court.
JUST look at the condo emperor in Penang, who some years back had his accounts frozen for AMLA breaches , but nothing came out from it.
THE only head to roll from that incident was the chairman of Koperasi Tunas Muda Sg. Ara Berhad, the one term state assemblymen representing Batu Maung. READ : Mansor Musa in the dock for taking RM11 million bung.
IDEALLY, if you get the guess correct you will win a property but for today there no gifts, if you are able to deduct which heavenly condo blue bird, was giving out millions in stained envelopes.
