A few days ago we reported on the whole Moneual fraud conspiracy. If you are not up to date Moneual, Zalman’s parent company has been accused of export fraud and 3 top level executives and 13 mid-level executives have been arrested.
Zalman has been a company that we have worked with for years here at ThinkComputers. We have reviewed their cases, CPU cooler and more. Well today we have to report some bad news about the company and it has conspiracy written all over it. Moneual, Zalman’s parent company has conspired from the beginning, bleeding out trillions of Korean won for years, this has now led to Zalman filing for bankruptcy.
OCZ Technology Group, Inc., a leading provider of high-performance solid state drives (SSDs) for computing devices and systems, today announced that the Company has signed an asset purchase agreement with Toshiba Corporation, a global technology leader and manufacturer of NAND flash memory, to acquire substantially all of OCZ’s assets in a chapter 11 bankruptcy proceeding for $35M.