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A faction within the online hacking collective Anonymous has moved into an unlikely new area - exposing corporate fraud and making money in the aftermath. A new financial research group, Anonymous Analytics, has released a report accusing Chinese firm Chaoda Modern Agriculture of "11 years of deceit and corporate fraud". The company is one of China's largest fruit and vegetable suppliers and is listed on the Hong Kong stock exchange.
The group alleges that Chaoda's management has funnelled more than $400 million out of the company through false accounting and payments to shell companies. Hong Kong's government annouced an investigation into the company on Monday, shortly before the release of the Anonymous report, leading its shares to fall by 26 per cent before being suspended from trading.
I was alerted to an article from Finance Asia that called them on the fact that within this disclaimer, they are making the statement that the assumption must be made that the “Partners, Affiliates, Consultants, Clients, and other related parties” hold “short” positions in the securities profiled in the report. Which means that all of the parties named there will profit from shorts due to the data being released and potentially causing the stock to plummet and fail.