Gigabyte Loses $5 Million in Fraud

Gigabyte has announced losing roughly $5 million USD due to an internal scandal committed by Chang Chaosong, factory manager at Ningbo Gigabyte Technology in China. Chang allegedly listed Gigabyte as a guarantor for a bank loan towards a third party loan, meaning Gigabyte would be liable to repay the loan if the third party did not repay it. Surprise, surprise, the borrowed money was not repaid and Gigabyte was held accountable for the loss. What shocked company officials however, was the fact that Chang, who is no longer with Gigabyte, did not request company permission before setting up the transaction. Gigabyte is currently investigating Chang's actions and where and why the transaction was setup in the first place.

News source: DailyTech

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11 Comments

Of course he didnt ask for premission. ITS CALLED FRAUD.

But for 5 million, you think it would of took more than just one man to sign some paperwork.

noroom said,
*it would have taken more than

Why are you correcting him when his version is also grammatically correct?

Also, don't bother trying to argue with me. I've scored a perfect score in EVERY grammar/comprehension test I've ever taken.

Morpheus Phreak said,

Why are you correcting him when his version is also grammatically correct?

Also, don't bother trying to argue with me. I've scored a perfect score in EVERY grammar/comprehension test I've ever taken.

But for 5 million, you think it would of took more than just one man to sign some paperwork.

Perhaps it's not a matter of grammar, but a matter of not saying what he meant.

you think

I [the reader] don't think. The reader doesn't necessarily think this.

would of took

Actually, this is grammatically incorrect. "Would of taken" doesn't make sense. Unless this is another Americanism that I'm out of the proverbial loop of, like "could [positive] care less" (the opposite of couldn't [negative] care less).


Edit: Apparently (since this was brought up I've done some reading since originally posting) "would of" and "could of" are misinterpretations of the spoken "would've" and "could've" (since spoken, it [apparently] sounds similar). It isn't an Americanism, but a colloquialism.

Edit #2:
Hahahah

Morpheus Phreak said,

Why are you correcting him when his version is also grammatically correct?

Also, don't bother trying to argue with me. I've scored a perfect score in EVERY grammar/comprehension test I've ever taken.


Grammar is not what he is referencing here. Slow your roll...

would of took

Actually, this is grammatically incorrect. "Would of taken" doesn't make sense. Unless this is another Americanism that I'm out of the proverbial loop of, like "could [positive] care less" (the opposite of couldn't [negative] care less).

As we are not privy to the circumstances of this arrangement first hand we would assume that it would require more. I think it should have.

basix said,
Morpheus Phreak said,

Actually, this is grammatically incorrect. "Would of taken" doesn't make sense. Unless this is another Americanism that I'm out of the proverbial loop of, like "could [positive] care less" (the opposite of couldn't [negative] care less).

As we are not privy to the circumstances of this arrangement first hand we would assume that it would require more. I think it should have.


No, no I wouldn't assume. As a (rhetorical) pessimist, I would not assume it would require more. If anything, I would assume that it required less.

Morpheus Phreak said,

Why are you correcting him when his version is also grammatically correct?

Also, don't bother trying to argue with me. I've scored a perfect score in EVERY grammar/comprehension test I've ever taken.

dumb ass...... Morpheus Phreak is right, and if you scored a perfect score in EVERY grammar/comprehension test you've ever taken then you must go to a very "special" school :redface:

I see the name noroom has all the characters needed to make the word "moron" in it :nuts:

Eye'm sew glad w'here all gram mar professownawls hear.

But I thought this forum was to discuss technology, not what individuals think "perfect" English is. What you may fail to realize is, just because you think you're right doesn't mean you are.

Anyway, I am wondering how an individual was able to set up this loan without any other authorization?

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