Source:
Hongkong Standard DBS sues investor for $90m losses
Tuesday, May 08, 2012
DBS Bank (Hong Kong) has demanded a mainland investor pay more than HK$90 million she allegedly owes the bank due to her investments in accumulators.
...In July 2007, after signing eight accumulator contracts, Hao put HK$80 million in DBS. A few months later, not only had Hao lost everything in her account due to the contracts but also incurred additional losses of HK$90 million, Jat claimed, and this was owed to DBS.
He said bank staff had consistently warned Hao - a director of a mainland oil company - of the potential risk of her investments, and that included the caution their value could fall to zero.
...in 2009 Hao was arrested by police in Hong Kong on suspicion she sent a threatening message to bank staff.
Read more:
http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=122193&sid=36318085&con_type=1&d_str=20120508&fc=1
US$1 = HK7.78, so she only lost US$22 million
I don't know why I find this so funny. I guess because it reminds me of this South Park Episode in Season 13, Week 3: Margaritaville
http://www.southparkstudios.com/full-episodes/s13e03-margaritaville
