Many American consumers may not know what Alibaba is yet but they will by the end of this year. The Chinese Internet company announced it will be making its market debut in the United States.
After Alibaba goes public, some expect a bumper crop of companies to follow. "It will create a new wave of Chinese companies listing here because they'll see a rush of investors making money," said Brian Fox, founder of Capital Confirmation.
While a tidal wave of new listings may be profitable for U.S. investors, fraudsters waiting to capitalize on new money may be waiting in the wings.