{
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  "docSlug": "2df2f979ea6a",
  "documentTitle": "China Internet Nationwide Financial Services Inc. (CIFS)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2017-12-20 00:00:00",
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  "pageNumber": 9,
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  "density": "balanced",
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  "notes": "The slide uses investigative findings to expose potential fraud in a loan agreement.",
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  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Hua Tai has SAIC financials for 2014-2016, and appears to have been wholly incapable of guaranteeing a $2 million loan.",
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      "kind": "paragraph",
      "text": "All three of the Cai Long Ge companies are registered to the same address: Wen Zhen New Industrial Zone, Jin Xian County, Nan Chang City. Guess who is the Legal Representative for two companies operating at the exact same address with the exact same phone number?",
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      "kind": "paragraph",
      "text": "Cai Long Ge and the company that purportedly guaranteed his loan from BJ SYX, Jiang Xi Hua Tai Industry and Trade Co. Ltd., appear to be sham counterparties, and therefore a fake loan.",
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      "kind": "source-note",
      "text": "15, 16, 17 footnotes regarding CIFS documents and legal definitions.",
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      "text": "Financial table for JX Huatai showing assets, equity, and net income from 2014-2016.",
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      "text": "Comparison table of three companies sharing the same address and phone number.",
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