There was an important article in the Chinese media on April 3, 2012 talking about an investigation into a “fraud school” that prepared fraudulent companies to list in the US via RTO. The article states that this fraud school was responsible for bringing RINO (exposed by MW) to the US. It also states that the Chinese investment bank at the center of the fraud school previously worked with ALN, LIWA, RINO, and FSIN. We conclude that FSIN presents a high risk of fraud.
Muddy Waters has launched a new interactive report format, with a narrated slide show (15 minutes) available on Vimeo at
The slide deck (without narration) can also be downloaded (in PDF format) here.
In addition, Muddy Waters will soon release a white paper with the supporting material for the interactive report.
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