This message board should spend more time warning investors about Chinese scammers and the dangers of investing in China stocks. They list their companies on the Nasdaq and do a lot more damage than any OTC penny stock CEO could ever do. Investors have lost millions on OTC stocks but when it comes to Chinese Nasdaq scammers the cost to investors is many billions of dollars. The SEC should concentrate on investigating Chinese scammers.
US Officials: China Refuses to Help Stop Investment Scams
The Chinese government snubbed a U.S. request for help in cracking down on a string of alleged investment frauds that have cost Americans billions, outgoing Securities and Exchange Commission Chairman Mary Schapiro told ABC News.
The lack of cooperation has stymied efforts to recoup investor losses, she said, in one of the largest sprees of alleged financial crimes in recent memory -- one that has gone largely unnoticed by most Americans.
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