China Says Collapsing Real Estate Giant Evergrande Overstated Revenue by $78 Billion
China’s securities regulator announced on Monday that it had banned the founder of real estate giant Evergrande from the stock market and charged the company with $78 billion in fraud. Evergrande was once one of China’s largest and most trusted companies, fueling a boom in the real estate market that encouraged many middle-class Chinese to […]
Chicago police superintendent admits he overstated number of resolved homicide cases: ‘Miscommunication’
Chicago Police Superintendent Larry Snelling admitted Friday that his department incorrectly overstated the number of murders it solved in January. Chicago Sun-Times report. At a Jan. 30 public safety forum, Snelling told West Side residents that Chicago police had “cleared up” 76 percent of the homicides that month. “Of the 25 murders this year, 19 […]