Chinese Deny Turning Blind Eye to Investment Scams

The Chinese government pushed back at suggestions that its officials have been uncooperative in U.S. efforts to crack down on stock swindles that have cost American investors billions of dollars. "Groundless accusation will not conduce to our friendly cooperation," said Karen Kang, a spokeswoman for the Chinese consulate in New York. Kang's comments came in reaction to an ABC News interview with the outgoing chairman of the U.S. Securities and Exchange Commission, Mary L. Schapiro, who saw a...Full Story
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