Hall of Shame

Welcome to the beginnings of the GMT Research Hall of Shame. We’re trying to collate as much information as possible on the hundreds of Asian frauds perpetuated in public markets over the past few decades. If you have any additional names or comments on the frauds, please drop us a line at [email protected].

Namesorting01 Tickersorting01 Industry Namesorting01 Yearsorting01
A-Power Energy Generation Systems APWR US Heavy Construction 2011
Advanced Battery Technologies ABAT US Electrical Components & Equipment 2011
AgFeed Industries FEED US Farming, Fishing & Plantations 2013
AlphaTrade APTD US Media Agencies
American Lorain ALN US Food Products
Anwell Technologies ANW SP Electronic Equipment
Anxin-China 1149 HK Pharmaceuticals
Aoxing Pharmaceutical AXN US Pharmaceuticals
Asia Pulp and Paper Company 1193Z SP Paper
Asian Citrus 73 HK Farming, Fishing & Plantations
Autochina International AUTC US Specialty Retailers 2011
Ballard Bull BLDP US Alternative Fuels 2017
Beauty China BCH SP Personal Products 2009
Bel Global Resources 761 HK Clothing & Accessories
Bio-Treat Technology BIOT SP Water 2008

Source: Shortsellers' websites, Bloomberg, Companies, GMT Research.