Advanced Battery Technologies (ABAT) is a $250 million market cap company listed on the Nasdaq. The company originally went public through a reverse merger transaction with a shell company called Buy It Cheap.com in 2004. The company claims to have increa

China-Biotics (CHBT) appears to have committed malicious accounting fraud to intentionally fool its auditor, BDO Limited, according to the company's partly hilarious but mostly disturbing 8-K filed Thursday.

China Integrated Energy (CBEH) last week announced the appointment of a new independent auditor, Sherb & Co., LLP, to replace KPMG. Sherb & Co will commence its audit work to re-audit the company's annual results for the year ended December 31, 2010 and w

Just when you thought you had heard the last of Chinese reverse mergers, along comes another accounting scandal that puts them back in the spotlight again.The victim this time? Caterpillar, which on Friday stunned the market with news that it would have t