Singularity had entered into a JV to produce crypto mining equipment in October 2021 and, in January 2022, disclosed a massive $200 million order from a subsidiary of a U.S. listed China-based crypto company called SOS Limited
Singularity’s massive mining rig deal appears to be a brazen undisclosed related party deal. Yang Jie’s wife has served as VP of the SOS subsidiary that made the $200 million order. Yang Jie also controls an entity based at the exact same address as the SOS subsidiary.
So SOS Limited Inc./Rapid Finance/Emergency Rescue Services said they bought "rigs" from another fraudulent Chinese entity who's CEO is on the lam for running a Ponzi scheme with his wife serving as VP of the SOS subsidiary that made the (fake) order...so in essence ordering from themselves!
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