Image: DealStreetAsiaEditor’s Take: The Week That Was - Aug 3 - 8
• Liquidators of eFishery’s Singapore holding company have distributed approximately $21.6 million to investors, marking the first confirmed return of capital following a massive accounting fraud. • The distribution comes more than 18 months after DealStreetAsia first reported the fraud, providing a partial recovery for affected stakeholders. • Liquidators are currently evaluating a proposal to leverage eFishery’s existing intellectual property to establish a new business entity.
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