AgFeed Scam Making American Investors Wary of US-Listed Chinese Stocks
America investors are growing increasingly wary of US-listed Chinese companies amid a US Securities and Exchange Commission probe into alleged securities violations by AgFeed Industries, a bankrupt China-based pork producer.
Earlier in the month, AgFeed filed a statement in a US bankruptcy court corroborating that some of its Chinese farm operations had reported "fictitious" sales from 2008 through the first half of 2011.
Managers in China openly talked about their methods for manipulating the company's Read more [...]