GO
Loading...

Enter multiple symbols separated by commas

Muddy Waters Research Website Hacked

It appears as though the website of Muddy Waters, the small China-based research firm,has been hacked.

The website currently shows the message below.

muddy-waters-screen-520.jpg

Muddy Waters specializes in "undercovering fraudulent China stocks," according to Street Insider.

Monday, Carson Block, the firm's founder, issued a "strong sell"on Focus Media Holdings, a digital advertising company. The company alleged in its report that Focus Media misrepresented the number of screens in its LCD advertising network, according to the Wall Street Journal.

Focus Media responded to the firm's report in a press release stating that "The Report's allegation regarding the number of LCD display network screens in the Company's network is incorrect and reflects a misunderstanding in the types of devices used by the Company and their method of calculation."
____________________________________________

Questions? Comments? Email us atNetNet@cnbc.com

Follow Cadie on Twitter @ twitter.com/CadieNetNet

Follow NetNet on Twitter @ twitter.com/CNBCnetnet

Facebook us @ www.facebook.com/NetNetCNBC

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

Wall Street