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Mar 23, 2018 Release Date:
82 min Runtime:
“The China Hustle,” director Jed Rothstein sets out to consider one of the most widespread cases of fraud that most people probably dock’t heard just about.
Just after the financial crisis, several hundred Chinese companies were skillful to list upon U.S. exchanges through a process called a reverse mixture, which allowed them to enter the markets without the same level of laboratory analysis that most initial public offerings make a attainment of. That proved fateful, as some of these companies knowingly misled auditors and banks just approximately their values. It wasn’t until several dissenter investors investigated these companies that their fraud was exposed and for some investors, it was already too late.
Rothstein, who captures that function in his documentary, spoke once Marketplace host Kai Ryssdal approximately the film. The back is an condensed transcript of their conversation.
VN:F [1.9.16_1159]The China Hustle,
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