Company Valuation - Truth or a Scam

Startups these days are creating a false appearance of Revenue by getting a client, supplier, or associated party to give their business One million and then passing it off as revenue, i.e. Income of One million. Then, they can reimburse the person (supplier, partner) for that One million by claiming COGS or other business expenses, etc. This practice is known as round-tripping. With the exception of taxes, it is essentially a zero-sum game (and the impropriety of it). It is relatively easy to set up. There are massively outsized upsides to this distortion of revenue given the current 20x valuation atmosphere (ie. fraud). https://ranjandastalks.com/blogpost.php/company-valuation-truth-or-a-scam