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Subject:  Time to go dumpster diving? Date:  12/4/2012  2:03 AM
Author:  veitclub Number:  5137 of 5166

My goodness:

"Liquidators of China Medical Technologies, a maker of medical testing equipment that was once listed on Nasdaq and is now bankrupt, are alleging that around $400 million in cash the firm raised in stock and bond sales has gone missing. The allegations are in a complaint that the liquidators filed late last month to the Hong Kong police and the FBI . . . . In the complaint, which has been reviewed by Quartz, the liquidators say that the CEO’s wife gambled substantial sums at the Wynn and Bellagio casinos in Las Vegas."

Is it any wonder U.S. listed Chinese stocks are in the dumpster?

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