A quick comment about Chinese frauds and leaving racism at the door

The rampant fraud among Chinese reverse mergers and Chinese stocks listed on foreign exchanges has very little to do with ethnicity.  If you are a student of the game, you can figure out the ethnicities and nationalities of the people involved.  For example, many of the accomplices are American stock promoters with American citizenship.  There are also Canadians involved with the American-listed (and Canadian-listed) scams.  It’s silly to discriminate based on race or nationality.  What you really want to do is:

1. Discriminate based on integrity and track records.  People who have committed fraud in the past will likely commit fraud in the future.
2. Look at areas that would be magnets for fraud.  Legally, there is no extradition treaty between China and the US/Canada.  This means that Chinese citizens can commit egregious frauds in American stock markets with virtually no consequences.  The reverse is also true.  A quick Google search for “EB-5 scam” will reveal various ways in which Americans scam Chinese nationals through the Immigrant Investor Program.