Yes, Virginia there is a God! Canada's top securities regulator slapped a cease-trading order on Sino-Forest Corp. on Friday and ordered the company's top executives to resign, saying the forestry company allegedly misled the public by misrepresenting some of its timber holdings reports the Wall St Journal
The company's stock took a beating in June when allegations of questionable accounting by U.S.-based short seller Muddy Waters LLC surfaced. Sino-Forest denied the allegations, including that it fraudulently exaggerated its tree-plantation assets…
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