Hacker Group ‘Anonymous' Attempting To Blow Up Chinese Frauds [Headlines]
The hacktivist group alleges that Chaoda Modern Agriculture has falsified financial statements and deceived investors.
Hacktivist group Anonymous's new securities research branch, dubbed Anon Analytics, recently published a damning report about Chaoda Modern Agriculture, a Chinese vegetable and fruit supplier.
The 38-page report alleges Chaoda has committed “one of the Hong Kong exchange’s largest, and longest running frauds.”
It's very reminiscent of model used by Muddy Waters, which has attempted takedowns of Chinese companies, like Sino-Forest.
The report claims the company has duped investors and falsified its financial statements. Business Insider