Global Politics, US

‘Faction’ of Anonymous Targets Chinese Firm Alleging Fraud in Report

Anonymous, best known for its social justice hacktivism, appears to have targeted Tianhe (HKG:1619), an $8-billion Chinese chemical company, with a scathing investigative report that calls the recently publicly listed company a “massive fraud.” These allegations were made in a report by Anonymous Analytics, a stock research and analysis group which calls itself a “faction” of the hacktivist collective Anonymous. The report alleges that Tianhe’s real financial situation reported in tax filings in China was vastly different than the one it reported to investors via its Initial Public Offering prospectus. In 2012, the report alleges, Tianhe’s revenue was some 85% less than reported. According to