Sino-Forest was a TSX-listed company, with a $6 billion market capitalization, that became a worthless stock as a result of allegations of fraud made against it by a short seller in June 2011. At the time, Sino-Forest was a Canadian-incorporated forestry company, headquartered in Mississauga but operating primarily in China. Most of its assets and employees, including most of its management team, were in China. Published in Corporate Governance, Federated Press, November 2014.