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    "notes": "Classic China-fraud short report built on on-the-ground fieldwork: photos of unlicensed Morinda offices, SAIC vs SEC financial reconciliation, and an analogy to the January 2019 CCTV/NHTC expose. Cover page reads 'Publication Date June 27th 2018' but filename and content (June 26 2019 price, June 2019 Marley deal, April 2019 Form 4) confirm this is a June 27, 2019 report — the cover '2018' is a typo. Document is Word-style prose with occasional photo collages and small tables; 'Not For Distribution' watermark across body pages. Author is the Grizzly Research team, no individual signatory on cover or closing.",
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        "detail": "$68m reported vs. $33m in SAIC filings — ~51% overstatement",
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