20190209-QuadrigaCX co-founder, convicted fraud-5G War

QuadrigaCX  Co-founder, convicted fraud:

Co-founder Michael Patryn has been a using a fake name. His real name is Omar Dhanani who was convicted of fraud (operating an online marketplace for identity theft) in the United States and was released in 2007. Identity not SAFU.

People have been warned about Omar Dhanani years ago when QuadrigaCX was just a tiny start up. Gerrard would routinely front run orders for his own personal account. Dude is likely hiding out in the South East Asia.

5G War  （Fortune CEO Daily 2.9.19）：

Trump administration is preparing to issue an executive order to ban Chinese telecommunications equipment from U.S. mobile networks. According to a report Thursday in Politico, the administration plans to issue the directive later this month ahead the big Mobile World Congress in Barcelona.

The move would effectively exclude China’s two largest telecoms equipment manufacturers, Huawei Technology and ZTE Corp., from all new U.S. networks supporting 5G mobile connectivity.

The Justice Department alleges Meng Wanzhou（Huawei’s CFO） defrauded global banks as part of a larger scheme to evade U.S. sanctions on Iran. More recently, Justice announced two broad indictments against the company, one alleging violations of the Iran sanctions, and the other charging that Huawei stole U.S. technology and even had a bonus plan to reward employees perpetrating that theft. U.S. officials also have warned that, because Huawei is a Chinese company and obliged by law to follow orders of China’s national security services, any equipment sold to the U.S. or its allies poses a security risk.

Washington’s stated charges against Huawei are mostly a smokescreen for the real concern: U.S. security officials are scared witless that Huawei’s equipment and technology will become the global standard for 5G—a development that would have huge implications, both military and economic, to the global balance of power.

This is an entirely legitimate fear. And yet, America’s inability to compete with China in 5G is a failing for which it has mostly itself to blame. The technology behind 5G is complicated, but it’s not rocket science. As Pomfret observes, the game turns mostly on network density. A successful 5G network requires lots of small cells on telephone polls and street lamps. China has elevated the construction of those relay networks to the equivalent of the Soviet Sputnik satellite project, outspending the U.S. by $24 billion since 2015, according to a recent report by Deloitte.

In 5G, in other words, the advantage lies not in research genius but political will. The contest favors nations capable of doing a fundamental thing at which China excels and America barely makes an effort: building infrastructure. Charles Duan in the National Interest argues America is forfeiting the war for 5G because it has allowed, even rewarded, its leading mobile technology suppliers for investing far more time and capital in bickering over patents than developing new technologies.