Chinese cemetery company China Redstone listed on the US OTC market via a 2010 reverse merger. Warning signs appeared in March 2011 when the company's CFO resigned. A few days later, short-seller GeoInvesting published a report accusing the company of fraud. This led to an immediate halving of the company's share price. Management initially denied the report, issuing a rebuttal, but its replacement CFO resigned in April and the company went dark in July. China Redstone is a confirmed fraud.

Last updated March 2022

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