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  "documentTitle": "Lasertec Corporation (6920)",
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      "text": "We conducted an intensive 5-month investigation encompassing over 20 research interviews and ~20 investigator field visits to its new R&D campus in Yokohama, leading us to conclude that Lasertec is one of the largest frauds in Japanese corporate history.",
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      "text": "1. Introduction to the real Lasertec Corporation\n2. Lasertec is an extreme, textbook accounting fraud that checks off every box\n3. The origin of the accounting fraud: Lasertec's flagship ACTIS actinic EUV mask inspection machine is defective",
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      "text": "Overstated revenue and earnings are at the core of the fraud... The hit will far exceed what Olympus incurred and is considerable versus Toshiba.",
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