Science in fraudulo

Those wacky Koreans have been at it again! Apparently two papers about an almost unbelievably ironically named technique called "MAGIC" have been found to "lack scientific truth". The technique purportedly allowed the identification of drug targets by binding drugs to magnetic nanoparticles which were then flowed into cells. They would then bind to target proteins, and the beads could be recovered magnetically. Supposedly. It turns out the images were faked, and there was never any data. Luckily, the Korean Ministry of Science and Technology had procedures laid out for investigating such cases, put in place after the last time this happened.

What's really amazing, though, is that this clown went and actually tried to commercialize his non-existent technology by founding a company called CGK. How did he suppose this was going to work, inviting somebody to reproduce your irreproducible results for money? In any case, we all know what happens when you rely on magic to run your technology.

My only question, though, is: does this qualify as single-molecule news just because it uses magnetic nano-particles? Or am I totally out of my milieu with this one?