EPoX was for many years a respected motherboard brand among enthusiasts and even if it is still around EPoX has been a lot more quiet recently. Now that it has once again entered spotlight it is a less flattering thing that has taken it there. EPoX is namely being investigated for alleged fraud. Steve Hsiao, the company’s president, is suspected of embezzling $25.8 million from Epox and instead transferred the money to a subsidiary; E-Kong. This company was founded by Steve Hsiao in 2000 and Epox has exported products to this company at much lower prices while E-Kong has sold the products further at the regular prices.
”A spokesperson at Epox denied the charge, stating that E-Kong was established to handle the company’s exports of raw materials to China and re-exports of finished goods to other overseas markets. E-Kong would pay material costs and manufacturing costs to its parent company and Epox’s manufacturing subsidiary in China, respectively, after receiving payments from Epox’s clients, the spokesperson explained.”
Epox’s earlier arch rival ABIT had, if not a serious crisis, a tough year which seems to be improvingafter the acquisition by USI. The question is if Epox has any possibility to climb back if proven guilty.
Source: DigiTimes
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