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Searching for Cynk: The $6 Billion Penny-Stock Debacle, From Belize to Las Vegas

How a company with one employee, no assets, and $0.00 revenue, got a $6 billion market value and blew up

The Matalon, a six-story glass building in Belize City, Belize, towers over a lot littered with old refrigerators and washing machines. Jagged rebar sticks out of unfinished cinderblock structures nearby, and the view, across Haulover Creek, is of a cluster of corrugated metal shacks. This is the listed address for Cynk Technology, a company with no assets, no revenue, and one employee, that for one hour in July had a market value of more than $6 billion.