Proceeding of 2025 8th International Conference on Humanities Education and Social Sciences (ICHESS 2025)

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Case Analysis of UniStrong Financial Fraud Based on the GONE-Theory

Authors
Chen-Qian Liu1, *, Xiao Wang1, Ya-Ru Si1, Xi Zhao1
1Shanghai International Studies University Xianda School of Economics and Humanities, Shanghai, China
*Corresponding author. Email: 1367561270@qq.com
Corresponding Author
Chen-Qian Liu
Available Online 26 March 2026.
DOI
10.2991/978-2-38476-551-5_121How to use a DOI?
Keywords
UniStrong; Financial fraud; GONE-theory
Abstract

Against the backdrop of increased state investment in technology enterprises and the burgeoning growth of the electronic communications sector, the exposure of financial malpractice at UniStrong – a leading enterprise in China’s satellite navigation field – has dealt a severe blow to investor confidence and undermined industry stability. This paper employs the GONE theory, combining literature review with case analysis, to examine UniStrong as a case study. It outlines the company’s fundamental circumstances and instances of fraud, analysing the motives and methods of fraudulent activity through the four dimensions of ‘greed’, ‘opportunity’, ‘need’, and ‘exposure’. This study not only enriches the body of case studies in industry fraud theory but also deepens our understanding of the motivations behind financial fraud and the mechanisms for its prevention. It can heighten investors’ risk awareness, encourage enterprises to enhance their governance and internal controls, and foster the healthy and orderly development of the market.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceeding of 2025 8th International Conference on Humanities Education and Social Sciences (ICHESS 2025)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
26 March 2026
ISBN
978-2-38476-551-5
ISSN
2352-5398
DOI
10.2991/978-2-38476-551-5_121How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Chen-Qian Liu
AU  - Xiao Wang
AU  - Ya-Ru Si
AU  - Xi Zhao
PY  - 2026
DA  - 2026/03/26
TI  - Case Analysis of UniStrong Financial Fraud Based on the GONE-Theory
BT  - Proceeding of 2025 8th International Conference on Humanities Education and Social Sciences (ICHESS 2025)
PB  - Atlantis Press
SP  - 1113
EP  - 1121
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-551-5_121
DO  - 10.2991/978-2-38476-551-5_121
ID  - Liu2026
ER  -