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Huawei's CFO Is Being Accused of Fraud, and Her Main Defense Is a PowerPoint (theverge.com)
"Today, a bail hearing was held for Huawei's chief financial officer, who was arrested in Canada on Saturday at the request of U.S. law enforcement," reports The Verge. "The CFO, Meng Wanzhou, is facing extradition to the U.S. for conspiring to defraud banking institutions, according to the Star Vancouver." The Verge reports that her main defense is "a PowerPoint presentation that Meng had once given to explain to a bank in Hong Kong that Huawei had not violated any U.S. sanctions." From the report: Many lined up to see Meng's bail hearing today, after the extremely high-profile arrest that signified the first major break in a U.S. probe that has mostly been kept from the public. The U.S. has an arrest warrant out for Meng that was issued by a New York court on August 22nd. It has 60 days from the time of Meng's arrest on Saturday to provide Canadian courts with evidence and intent.
Meng served on the board for a Hong Kong-based company called Skycom, which allegedly did business with Iran between 2009 and 2014. U.S. banks worked with Huawei at this time, so Iran sanctions were violated indirectly, and Meng therefore committed fraud against these banks. Skycom reportedly had connections to Huawei and at the bail hearing today, Gibb-Carsley argued that Skycom was an unofficial subsidiary of Huawei's, using the same company logo. "Huawei is SkyCom," he said, "This is the crux, I say, of the alleged fraud." The hearing also examined whether Meng would be a flight risk if she was granted the $1 million bail, part of the argument Gibb-Carsley was pushing. "Defense lawyer Martin responded by explaining the Chinese emphasis on saving face, and how Meng wouldn't want her father and Huawei to look bad. Even more than that, 'she would not embarrass China itself,' Martin said."
Meng served on the board for a Hong Kong-based company called Skycom, which allegedly did business with Iran between 2009 and 2014. U.S. banks worked with Huawei at this time, so Iran sanctions were violated indirectly, and Meng therefore committed fraud against these banks. Skycom reportedly had connections to Huawei and at the bail hearing today, Gibb-Carsley argued that Skycom was an unofficial subsidiary of Huawei's, using the same company logo. "Huawei is SkyCom," he said, "This is the crux, I say, of the alleged fraud." The hearing also examined whether Meng would be a flight risk if she was granted the $1 million bail, part of the argument Gibb-Carsley was pushing. "Defense lawyer Martin responded by explaining the Chinese emphasis on saving face, and how Meng wouldn't want her father and Huawei to look bad. Even more than that, 'she would not embarrass China itself,' Martin said."
Without it, Brett Kavanagh's chances would have been boofed
Pain is merely failure leaving the body
Your honor I could not have been selling pot, I was making this PowerPoint of Cheetos
The Earth is flat and the Moon landings were faked! Here, let me show you this PowerPoint presentation as proof!
I just created a cure for cancer! Here, let me show you this PowerPoint presentation as proof!
I absolutely did not have sex with that girl. Here, let me show you this PowerPoint presentation as proof!
I know nothing about any 'tapes'; I am not a crook! Here, let me show you this PowerPoint presentation as proof!
No collusion! Here, let me show you this PowerPoint presentation as proof!
If the glove doesn't fit, you must acquit! Here, let me show you this PowerPoint presentation as proof!
Lock up the faceless gray PowerPoint avatars!
(Boy, I hated that "default avatar" fad. Every big tech co tried to be social media and have everybody upload their ugly mug. The default gray head is still in many products.)
Table-ized A.I.
That is not any kind of a surprise.
Corporatism != Free Market
I just read the article twice and Iâ(TM)m still very confused. But then again, I am also very drunk.
I have a "Zero Policy" tolerance.
*/
If the developers had realized how versatile PowerPoint was as a proof bringer, there's a fair chance everything would be proven... kind of like any belief set on the internet... oh, wait.
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
If my PowerPoint's Da Shit, you must Acquit!
"There is more worth loving than we have strength to love." - Brian Jay Stanley
That's like being in high school, and writing a letter saying that you have your parents permission to not need your parents permission for things.
Especially if I were involved in some high tech industry or IP transfer. How many Americans will be needed to trade for one Chinese high tech company officer?
When no proof of her offence had been shown?
How could anyone prove innocence absence any evidence of a crime?
So now In America you have to prove you had NOT committed any crime, rather than the prosecution proving that you had committed a crime?
This is a kidnapping followed by a witch-hunt trial.
Welcome to America, the land of kidnapping. This is no different from Somali pirates taking hostages for ransom.
She's worth much more than that, plus dad and/or the Chinese government will pay part of it. Guilty or innocent, put me in her place and I'm running home to China first chance I get.
If her defense is PowerPoint, she's doing it backwards.
PowerPoint isn't defensive, it's offensive. Death by PowerPoint.
From the original article linked from the summary:
As there is a publication ban in effect, we cannot provide any further detail at this time. The ban was sought by Ms. Meng.
There is proof, and SHE blocked us from seeing it so it must be super bad.
Guilty.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
As someone who lives in Canada, I'd like to apologize for Canada helping the US to enforce its imperialistic policies. People of the world have to understand that we Canadians do not have any kind of backbone. The only thing we can do is to submit and then to apologize, exactly like I'm doing.
Again, I'm sorry.
Amazon... everywhere people are desperate.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
US general has a question for Google: Why will you work with China but not us?
5 out of 6 people enjoy Russian Roulette & 6 out of 7 Dwarfs are not Happy
As I understand it, a US court has ordered the arrest and extradition of a Chinese corporation's CFO on charges of fraud.
Does that mean that Chinese, European and other countries' courts will now be able to arrest and extradite the American executives responsible for the 2008 crash? Between them they caused trillions of dollars of losses worldwide, not a penny of which they paid themselves. Governments had to milk their taxpayers for said trillions in order to "make good" the balance sheets and reserves of supposedly system-critical banks and other financial institutions.
This was the biggest fraud in the history of the world, yet how many executives have been indicted in the USA? https://radiofreethinker.files...
Zero.
“Ron Suskind’s Confidence Men reported that on March 27 2009, just two months after taking office, [Obama] invited the executives of thirteen leading Wall Street institutions to the White House. After listening to their arguments for why banks had to go on paying bonuses (ostensibly to get the best talent to manage their money), Obama told them: ‘Be careful how you make those statements, gentlemen. The public isn’t buying that’. He explained that only he could provide them with the political shield needed to forestall public pressure for reform, not to mention prosecution of financial fraud. ‘My administration is the only thing between you and the pitchforks’”.
- Michael Hudson, "Killing the Host", page 253
I am sure that there are many other solipsists out there.
Then China will go mad
That certainly won't happen. The Chinese are the calmest, most level-header players at the top table. They are about as emotional as a chess (or maybe Go) grandmaster considering her next move.
I am sure that there are many other solipsists out there.
This is a fabulous idea! I doubt you'll find any US citizen that would be upset for someone, nay ANYONE, finally brought to justice over that fiasco.
A foreign company's transactions in the US are governed by US law. If they do those transactions under the false pretense of complying with US laws then that's considered fraudulent, and the US institution would not automatically be party to that fraud.
That seems to be the nature of the allegations here. The linked article mentions allegedly fraudulent dealings with US banks by Huawei, at a time another company called "Skycom" was doing business in Iran. The US alleges that Huawei was doing business through Skycom in order to skirt US legal restrictions on the banks itw as also doing business with.
It sounds to me like it's going to be hard to make that stick, given that the proof has to do with the dealings between two foreign companies. It's not like you can raid their offices and seize the evidence of collusion, you have to rely on the documents they voluntarily offer in response to your demands. If it were a chip or a software library, sure, but we seem to be talking money here, and you can't trace that without a trail to follow.
Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
I'm not saying that arrest was fair, but China has a history of stealing people too. Forgetting the individuals they''ve stolen, they have also stolen Tibet, and are busing stealing UigherLand I forget what that province is called). The latter constitutes stealing because they are resettling it with Han Chinese, just like they are doing in Tibet. Taiwan is next on the agenda because the fearless leaders of the Chinese Communist Party do actually fear (1) having no legitimacy to govern, (2) a land of free Chinese, (3) that Taiwan might infect the mainland with Democracy and make the Communist Party look like a band of ignorant leeches.
Kinda like stealing Hawaii and populating it with Americans or stealing chunks of Mexico and populating it with English speakers. Or perhaps like stealing a good chunk of N. America from the occupants and doing all kinds of nasty stuff to the original inhabitants.
https://en.wikipedia.org/wiki/Inverted_totalitarianism
There is a saying about the Ancient Romans, that they created a wasteland and called it peace. But you could say something similar about the cultural impact of Genghis Khan. All of human history has been groups of humans conquering each other for land and resources with pockets of peace created by imperialism. The people you might think of as more natural were no less war-like than our ancestors were. Native American societies were filled with _warriors_ and our ancestors would have had a much harder time conquering them if it were not for bacteria from livestock. Also, Africa was filled with WARRIORS and white slavers bought their slaves from AFRICANS. Everyone conquered everyone and everyone owned slaves, that's history. Our ancestors weren't worse than the rest of humanity and modern day America certainly isn't worse than China.