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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (39159)	9/8/2010 12:08:04 AM
From: Spekulatius	Read Replies (1) of 78748

re CSKI - >>Actually, I'd bet on the former: that CSKI tries to hide sales from govt, pays bribes not to pay taxes and SEC numbers are more real than the Chinese numbers Ascensio's guy dug out. << This is very unlikely since it would be easy to prove tax fraud for the Chinese government officials. If it is the other way and they defraud US investors nothing will happen to them (unless they are stupid enough trying to enter US territory). The US shell company will be close down by the SEC, the Chinese fraudsters will keep their loot (no extradition agreement with the US) and US investors are out their money.

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