Exchanges Need to Take Initiative to End New Scam: Fraudulent Listings of Chinese Companies on U.S.

April 1, 2012 | Download PDF

The problem with reverse mergers is that they have long been a favorite technique of financial fraudsters - and they are now giving many Chinese companies easy entry to US markets. Some of those Chinese companies, however, do not actually exist and those that do often publish false, misleading or incomplete financials.

Reprinted from the April 2012 issue of the Financial Fraud Law Report.

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