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Tuesday
Jan102012

The Domino Effect of Fraud

La Polar’s $1 Billion Fraud Fades as Chile Rival Ripley Rebounds

Bloomberg Businessweek

Ripley Corp SA, Chile’s third- largest department-store chain, is rebounding as investors seize on record-low valuations and concern fades that a credit fraud at rival Empresas La Polar SA will erode the industry’s profits.

Read the full article here.

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