Xinhua Sports & Entertainment controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Former CEO jailed
Fredy Bush, a former chief executive of XSEL, was jailed. Further legal details are not established by the supplied reference.
2011
Financial-condition scrutiny, delisting, and liquidation
The company was delisted after exposure of its financial condition and subsequently entered liquidation.
2011
Fraud lawsuit involving former CEO
Lynn Tilton sued former XSEL chief executive Fredy Bush for fraud. The available reference does not provide the final disposition of the civil case.
2007
Disputed association with Xinhua News Agency
Xinhua News Agency publicly stated that it had no relationship with XSEL’s parent company, Xinhua Finance, distinguishing the state-owned agency from the commercial media company.