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Answer» Legal Profit from exposed fraud?
You could draw that conclusion after reading this article:
Anonymous faction in new attack on corporate fraud
28 September 2011
It relates how this past WEEK this new faction allegedly exposed a BIG CHINESE company and the stock price dropped hard. And , by their own admission, they made a profit on the loss.
Is this legal? Can you expose a big company and profit from the market reaction? Apparently so. Now if the report is true, it may be the FOREBEAR of this to come.
Any comments?This phenomenon is not new. In fact it was one of the major components of a U.S. financial institution (at the moment the name evades me) that SET in motion the housing collapse in the U.S. The perpetrator created a fund that would gain from the failure of mortgage stock investments. truenorth
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