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RE: General Knowledge Quiz Contest (174) - Participate By Giving Answer

in #contest6 years ago

Correct Answer: B - Olympus

Tobashi schemes hide losses by shifting them between the portfolios of other (genuine or fake) clients. The Olympus tobashi scheme had roots in 1991 when the firm had considerable losses among its many investments, and chose to hide them. The exposure in 2011 raised public questions about Japan's corporate culture.

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