SEC Confirms Receipt of Fraud Complaint Against 21Vianet Group (NASDAQ: VNET)
Click Here for SEC Confirmation
Link to News Story
  
December 4, 2015 
 
Last week we reported our finding of fraud in 21Vianet’s (NASDAQ: VNET) financial statements for FY 2011 to even the most current quarter of 2015.  During our analysis, we observed a consistent pattern of overinflating top line revenues and/or understating bottom line losses over multiple quarters for several years, including the current year to mask softness in its Chinese market.
 
We have received confirmation from the SEC that they have received our formal complaint.  A redacted copy of our complaint and the SEC’s acknowledgement can be viewed at the link above.
 
Disclosure:  We are short VNET.  We do not have a financial relationship with the company.