Ultrasonic, China's “Global Footwear Company” suffered a heist from their bank account. Although nothing is proven yet, it seems that it was the CEO Qingyong Wu and COO Minghong Wu who made off with the cash, presumably because they had access to the account and both have fled.
The crazy part is that this is not just a small business. Ultrasonic AG is a publicly traded company on the Frankfurt Stock Exchange. There was definitely a considerable amount of cash in their cash reserves, which is now gone. Their stock also tanked by 76% following the news that the C-level executives have fled.
Anyone else think that they were kidnapped somehow and asked to empty out their company's funds?
Source: Business Insider
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