Yet Another Chinese Scam? (DGW)

Our detonation of the day (actually, two days running now) is DGW: That's an impressive loss of value over the last year. The landsharks are circling as well:

NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky, LLP is investigating potential securities fraud claims against Duoyuan Global Water, Inc. (“DGW” or the “Company”) (NYSE:DGW - News) resulting from allegations that the Company may have issued materially inaccurate financial statements to the investing public between June 24, 2009 and April 4, 2011.

Good luck collecting, given that the company is based in China. How do you intend to get the money if you win? This, of course, assumes that........ Read the full analysis here.