Toby Smith, a market analyst for Fox News Channel and best-selling author of investment books, has taken a special liking to a small penny stock called China Tel Group. Indeed, he has been touting the stock to his Twitter followers for the past four months.

Unfortunately for Toby (and those who followed his recommendations,) the Asian broadband wireless company has failed so far to find the financing it needs to stay afloat despite several arrangements with relatively unknown investment firms that have subsequently walked away from the deal several times. Continue reading »