Apex Digital Chairman Arrested In China For Fraud
from the oh,-that-$500-million! dept
Earlier this year, we had a story noting that Apex Digital, known mainly as a distributor of insanely cheap Chinese-made consumer electronics, was doing amazingly well, and planning to move into the computer business as well. It appears, however, that the “amazingly well” part of the equation was helped along by, you know, not actually paying their vendors. Apex’s chairman has now been arrested in China on fraud charges, following the news that many companies believe Apex owes them millions of dollars. And you wondered why those DVD players were so cheap?
Comments on “Apex Digital Chairman Arrested In China For Fraud”
Its good to see that Apex got what it deserved. I own an Apex portable dvd player, and the battery broke. So i sent it in to be fixed.I sent it certified mail because the better buisness bureu has hundreds of complaints. So they got it september 8 2004. We call every few weeks and all they say is its on “back order” this has been like six months now and they refuse to send me back my product.