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Zalman Issues Official Statement on Bankruptcy Rumors

We reached out to Zalman a couple of weeks ago after reading multiple reports that it was headed for bankruptcy as a result of alleged bank fraud by its parent company Moneual. Zalman responded, though later asked us to pull our follow-up article until it had a chance to draft an official statement. That statement came today, and as previously reported, Zalman contends the bankruptcy rumors are "completely false," though it's true that its parent company was involved in a $3 billion fraud conspiracy.

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