![]() On this episode, we’re joined by activist short-seller and I Hung Up On Warren Buffett Podcast host Dan David to discuss this widespread legalized corruption as featured in The China Hustle, “a documentary that reveals systematic and formulaic decades-long securities fraud by Chinese companies listed on the US stock market.” Listen, learn, and enjoy! Please Scroll Down for Featured Resources and Transcript! It happens every day, and we ordinary folks pay the price. This reverse takeover (RTO) scam allows billions of dollars to be siphoned from the retirement funds of everyday Americans into the greedy pockets of fraudsters operating outside of US jurisdiction - with the blessing of complicit bankers and lawyers along the way who get their cut of the take while the members of Congress they’ve bought feign powerlessness. Like this show? Please leave us a review here - even one sentence helps! Consider including your Twitter handle so we can thank you personally!Ī Chinese company merges with a shell company in the United States in order to trade on public stock markets without the usual bureaucracy - or accountability of any kind. The long-term dangers of allowing this fraud to continue, and what Dan sees as our way out of this mess.In the end, who really suffers in the fallout of these reverse takeover (RTO) scams.Why the US government allows this legalized corruption to continue (with the blessing of investment banks).How Chinese companies use reverse mergers to trade on US markets without oversight and siphon hundreds of billions of dollars from the economy without accountability or criminal consequences. ![]() Dan defines what it means to be an activist short-seller, and how his research discerns between legitimate but worthwhile risks in the market and outright criminal fraud.He is the founder of Wolfpack Research, host of the I Hung Up On Warren Buffett Podcast, and is featured in The China Hustle documentary. Dan David ( is an investor, activist short-seller, and whistle-blower.
0 Comments
Leave a Reply. |