| $5 submissions |
09-29-2011 12:47 AM |
Latest BIG Money maker for hackers: Short selling fraudulent public companies
Definitely a better way to create a WIN WIN situation than malware and other tired crap. The public benefits, anonymous collective makes :2 cents::2 cents: Win Win, no?
Source: http://www.newscientist.com/blogs/on...t-corpora.html
Quote:
The group alleges that Chaoda's management has funnelled more than $400 million out of the company through false accounting and payments to shell companies. Hong Kong's government annouced an investigation into the company on Monday, shortly before the release of the Anonymous report, leading its shares to fall by 26 per cent before being suspended from trading.
In a departure from illegal hacking, Anonymous Analytics claims that "all information presented in our reports is acquired through legal channels, fact-checked, and vetted thoroughly before release." The group will however profit from Chaoda's falling shares, stating "we have an indirect interest in these positions and stand to gain from a decline in the share price of these securities."
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