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Ernst & Young agrees to pay $8 million to settle Sino-Forest allegations
In a statement of allegations filed in 2012, the OSC said Ernst & Young failed to conduct their audits in accordance with relevant industry standards, including performing sufficient audit work to verify Sino-Forest Corp.'s ownership and existence of ...
Ernst & Young agrees to $8M settlement in Sino-Forest audit  bnn.ca
Ernst & Young to pay $8M to settle OSC allegations of improper audits in ...  Financial Post
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Why China's star is fading on Canada's stock markets
Over the past few years, they've seen their fair share of Chinese companies caught up in share-eroding scandals, none bigger than Sino-Forest Corp., the former TSX-listed timber seller, whose alleged fraud is finally being put to the test in a much ...
OSC Approves First No-Contest Settlement � Ernst & Young LLP To Pay $8 Million
Pursuant to the approved agreement between OSC Staff and Ernst & Young LLP ("Ernst & Young"), Ernst & Young will pay $8 million to settle allegations of negligence in regard to its audit work related to Sino-Forest Corp. ("Sino-Forest") and Zungui ...
Short seller Carson Block mulls starting hedge fund management firm
To date, Block's most prominent takedown is of Sino-Forest Corp [SCLC.UL], whose shares slumped 74 percent before the Chinese tree plantation operator eventually filed for bankruptcy protection in March 2012.
Exclusive: Short seller Carson Block mulls starting hedge fund management firm  TODAYonline
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OSC engages in its first no-contest settlements
The agreements relate to cases in which E&Y had performed audit work for two now-defunct Chinese-based companies: Sino-Forest Corporation and Zungui Haixi Corporation. A hearing was held on September 30, 2014, during which a panel of OSC ...
Bramwell's Lunch Beat: IRS Tax Subsidy Rules Take Another Hit in Court
Ernst & Young (EY) LLP agreed to pay 8 million Canadian dollars ($7.2 million) to settle allegations by Canada's biggest securities regulator that it didn't adequately audit the financial statements of Sino-Forest Corp. and another Chinese company, Ben ...
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Short-Seller Sets Sights on Globalstar, a Satellite Phone Company
In the sea of billion-dollar hedge funds, Kerrisdale is a minnow. It manages $300 million of investor money. But its reputation is larger, having risen to fame as part of a group of short-sellers that called the Sino-Forest Corporation, a Chinese ...
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Ernst & Young in tentative deal in Canada on Sino-Forest audit
In July, the OSC settled with David Horsley, Sino-Forest's former chief financial officer. He was fined and banned from being a public company officer or corporate director. Zungui Haixi Corp was probed and in 2011 after Ernst & Young flagged ...
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Imprisonment for Ponzi schemes: how long is long enough?
Usually an individual's good reputation in the community is an important mitigating factor in sentencing, but not so for sentencing on a fraud conviction.
Investor Alert: Globalstar, Inc. (NYSEMKT:GSAT) faces Investigation over ...
Chief Investment Officer of Kerrisdale Capital Management, LLC said that Globalstar is the most egregious stock promotion it has come across since Sino-Forest and that Kerrisdale Capital Management, LLC believes that Globalstar's equity is worthless, ...
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