SEC Sues China MediaExpress Over False Financials

By Kathryn Brenzel (June 20, 2013, 4:20 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday slapped China MediaExpress Holdings Inc. with a suit in Washington federal court accusing the advertising company of grossly exaggerating its finances, echoing allegations from shareholder litigation that it duped investors and artificially spiked its stock prices....

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