And It's Gone: Chinese CFO Corzines 1 Billion Yuan From His Own Company
At the end of 2015 we wrote about what may have been the most amusing incident of Chinese corporate fraud in recent years, one in which China Animal Healthcare, whose stock was suspended nearly a year prior and which, was just waiting for its delayed audited financials to be released so its stock can resume trading. The problem, as a subsequent public filing revealed, is that a truck loaded with four years’ worth of its original financial documents was on its way to Beijing however, while the truck driver was taking a lunch break, the truck was stolen. One week later the truck was found...