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Monday, May 23, 2011

Invasion of the Chinese Reverse Mergers: “We Are Under Attack,” Josh Brown Says

Invasion of the Chinese Reverse Mergers: “We Are Under Attack,” Josh Brown Says
"Let's not get distracted here, we should simply focus on the accounting chicanery and falsified filings with which Chinese companies are daily relieving US investors of their capital," Brown writes at his blog The Reformed Broker. "Working with American law firms and shameless stock promoters, these companies have found a financial engineering solution that lets them steal on our shores."

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