DMX Technologies was a Chinese IT systems integrator that listed on the Singapore Exchange in 2002. In 2009, Japanese telecom carrier KDDI acquired a controlling stake. The fraud first came to light in February 2015, when senior management were arrested in Hong Kong. The company’s shares were suspended the following March and never resumed trading. A forensic investigation released in August 2015 revealed that sales and profits had been fabricated in 2008 and 2009. DMX is a confirmed fraud.

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