…and another one.  $500mm evaporated.
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…and another one. $500mm evaporated.

…and another one. $500mm evaporated. This one in the telecom space is accused of – get this – faking invoice collateral. This is starting to appear endemic. At some point the big boys who have been financing all these redistribution finance schemes thinking they were all… pic.twitter.com/wvoZjHRZUF — Jeffrey P. Snider (@JeffSnider_EDU) October 22, 2025