Zalman USA Fights Bankruptcy Rumors

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Last week the news hit the web that the main company behind Zalman, Moneual, is caught in a massive fraud and that Zalman filed Bankruptcy. Right now the company claims otherwise. Zalman USA denied the rumors.



As Zalman USA claims:

"I know that recently various media and other vendors are spreading rumors regarding Zalman going bankrupt over the recent scandals in Korea by our parent company Moneual.  

"I wanted to assure you that these rumors of Zalman HQ going bankrupt are completely false. While our HQ is having some financial difficulties due to the recent troubles experienced by Moneual, Zalman is not going bankrupt.

My HQ will provide an official statement towards the end of November explaining the current situation and direction of Zalman Tech.  Nothing will change for owners of existing products as they are still covered by warranty if applicable and we will always provide post-purchase support to our customers."

Reports last weeks indicated that Moneual forged its export performance papers, allowing the company to secure large loans from Korean banks, a scam so to say. The money involved is in the millions. 

Zalman was purchased by Moneual in 2011, likely as an additional cover up to hide the numbers. Zalman isn't bankrupt and can continue with shipments, but it seems the company's future depends on what the Korean court will rule. 


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