Chinese frauds could be just the tip of the iceberg

The Fall of the Communist Dynasty and The Looting of China touched on the widespread fraud that has become apparent, both in mainland and US listed Chinese companies. It also showed that an extraordinary number of the Communist Party and the military cadre had massive unexplained wealth, with the top 70 recording a net collective worth of […]

Jaclyn Densley 05 July, 2012

The Fall of the Communist Dynasty and The Looting of China touched on the widespread fraud that has become apparent, both in mainland and US listed Chinese companies.

It also showed that an extraordinary number of the Communist Party and the military cadre had massive unexplained wealth, with the top 70 recording a net collective worth of more than $80 billion.

This week Bloomberg was banned by the Chinese government for reporting the incoming president’s family assets at more than $367 million.

Read on here at Business Insider.