PE Due Diligence: High-Risk Alert
The IPO Mirage
Unmasking how a pre-IPO unicorn utilized "Wash Trading" and "CapEx Camouflage" to siphon investor capital into private offshore accounts.
Inflated Revenue
$18,000,000
Circular "Round-Trip" Sales
Misappropriated Subsidy
$7,500,000
Fake Machinery Upgrades
Capital