It is widely assumed that companies returning capital to shareholders while reporting free cash inflows cannot be frauds, but this is not entirely true. Around 30% of past fake cash flow frauds were able to pay dividends despite reporting fraudulent free cash inflows. These dividends were likely financed from the proceeds of debt or equity. In order to spot companies with similar traits, we have created an abbreviated cash flow which monitors cash requirements, and devised a number of screens which highlight companies raising equity despite being net cash positive and generating free cash inflows. Companies where we have significant concerns include Anta Sports, Kingsoft, Webjet and Eclat. We are not claiming that these companies are necessarily frauds but simply note that their financials have traits in common with past frauds. Investors need to have comfort with their unusual financials.