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Recently @thelaptoplegend recommend 'The China Hustle', an eye-opening documentary on fraudulent Chinese companies.
Why this is a must-watch for anyone shorting in the small-cap #trading space:
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Why this is a must-watch for anyone shorting in the small-cap #trading space:
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The documentary follows a group of investors and money managers who discovered a scam happening in 2017 with Chinese companies joining the US markets through backdoor mergers.
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These fraudulent companies claimed to be profitable and fast expanding, but they were actually using forged financial documents to deceive investors.
It's remarkable to see how these companies were able to enter the US market so easily.
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It's remarkable to see how these companies were able to enter the US market so easily.
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