Vesttoo: The red flags ‘abounded as early as 2021’
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Vesttoo: The red flags ‘abounded as early as 2021’

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Initial investigations into Vesttoo’s faked letter of credit controversy found that “red flags abounded as early as 2021”, bankruptcy court updates show.

Due diligence reports from December 2021 and April 2022 revealed that Yu Po – a Hong Kong investor that was supposed to be providing capacity for the firm – had a limited profile for an investor with $3bn of...

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