Trek 2000, inventor of the thumb drive, listed on the Singapore Exchange in 2000. The company's senior management conspired between 2006 and 2011 to falsify Trek's financial statements pertaining to licensing income. The crimes were kept under wraps for years until Trek 2000's auditors Ernst & Young discovered the company had cooked the books for FY15. Realising it was going to be a dismal year, management conspired to inflate FY15 revenue and pre-tax operating profit by plucking a US$3.2m sale from thin air, accompanied with false supporting documents. Thereafter the fraud unravelled.

Last updated September 2023

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