Head Of China’s ‘Goldman Sachs’ Probed For Insider Trading As “Market Purification” Continues

by Tyler Durden
ZeroHedge.com
09/16/2015

Imagine for a moment the sentiment shock for mainstream Americans if Goldman Sachs’ Lloyd Blankfein was probed for insider-trading and publicly scapegoated for causing a nation’s equity market (and economy) to collapse. While it may be true, it would never happen in America… But in China, as part of what authorities call “purifying the markets,” the president of China’s biggest brokerage has been swept up in a widening campaign to root out financial wrongdoing and assign blame for the nation’s $5 trillion stock rout. As Bloomberg notes, shares are falling further in today’s markets as the probe of Citic Securities President Cheng Boming comes after the state-run Xinhua News Agency reported last month that four executives at Citic had admitted to so-called insider trading.

The Rest…HERE

This entry was posted on Wednesday, September 16th, 2015 at 12:48 am and is filed under China, Conspiracy, Corruption, End Times. You can follow any responses to this entry through the RSS 2.0 feed.