Replies to post #33109 on China MediaExpress Holdings, Inc. (fka CCME)

[T-R1]

They obviously have millions. They have an advertisement business and merchandise website. The question is how much.
They also must defend against Starr because if they loose, Cheng will be wiped out. So ofcourse you spend money on the best lawyers. Not to mention all other class action stuff.
Not saying what they are or aren't either way but what they are doing makes sense in either case.

[Eagle1969]

I realize one might consider this off the wall but, has anyone gotten advice as to whether the loss on CCME is tax deductible as a theft loss?

Theft losses are deductible and fraud is a species of theft