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LJ International, AŞ Message Board

  • wsurfer06 wsurfer06 Jan 19, 2013 2:01 PM Flag

    Perception - Still part of the Problem

    CAT Uncovers Accounting Fraud at China Subsidiary
    By Doug Kass Jan 19, 2013

    As I implied in my Surprise List, China is a cesspool of phony numbers and accounting frauds.

    The absence of suitable regulatory supervision produces wide spread fraudulent behavior and pervasive dishonesty prevents China from being investable, imho.