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  "docSlug": "2df2f979ea6a",
  "documentTitle": "China Internet Nationwide Financial Services Inc. (CIFS)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-12-20 00:00:00",
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  "density": "balanced",
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  "notes": "The slide uses forensic evidence (SAIC records, phone number matching) to build a case of fraud.",
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      "kind": "callout",
      "text": "The SAIC contact phone number for Jin Xin changed in 2015 and again in 2016, but matches exactly the phone number changes of companies in which Lin is one of two shareholders.",
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      "kind": "paragraph",
      "text": "Fujian Jin Xin Import Export Trading Co. Ltd. appears to be a sham counterparty, and therefore a fake loan. CIFS discloses Jin Xin as its only entrusted loan borrower through the end of 2016.",
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      "text": "The SAIC contact phone number for Jin Xin changed in 2015 and again in 2016, but matches exactly the phone number changes of companies in which Lin is one of two shareholders.",
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      "text": "Footnotes 12, 13, 14 providing SEC and disclosure references.",
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      "text": "Shareholder change tables showing transition from Lin Jianxin to Ouyang Jianjia.",
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      "text": "Comparison table of phone numbers across FJ Jin Xin, Sheng Qi (FJ), and Shishi Sheng Qi.",
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