I Are An Investment Banker ... In Germany
October 31, 2002
In Germany, a company defrauded banks out of some 2 billion Euros by faking orders for over 3,000 drilling systems for laying underground oil and gas pipes, according to the KWD-globalpipe newsletter (www.kwd-globalpipe.com). Simple research, such as polling three competitors, would have revealed the total world market for such installations to be no more than 200, reported editor Dr. Winfried Hamich. Ah, but who has time for such details when there's money to be made!