News Snapshot:
A Chinese visual effects and animation studio filed a lawsuit Thursday alleging that it is the victim of two American swindlers who forged documents, impersonated the CEO, and conned investors out of $234 million. Base FX, headquartered in Beijing, states that it was duped into trusting the two men — Remington Chase and Kevin Robl — over the course of several years, in which they engaged in several financing arrangements and a joint venture in Malaysia. However, over the last year and a half, the company has discovered that the men were using the relationship as a lure for investors,...