It makes you wonder if this is half of the problem in the USA with all of the mortgage fraud going on.
He is alleged to have received gains totaling 125 million yuan ($18.7 million) by using his company’s influence to recommend securities through various media outlets
I've always been concerned in North America that this is what goes on, the elite/analysts/media can work together to bring up or bring down whatever equities they like.
If we could trust the analysts and the media everyone would always make money based on that advice right? Of course we all know the reality is different.