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Author: veitclub One star, 50 posts Old School Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5162  
Subject: Time to go dumpster diving? Date: 12/4/2012 2:03 AM
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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?

More at http://qz.com/32658
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