Canonical · Fraud & Short Cases · Report
Sino-Forest Corporation (Strong Sell)
Carson Block / Muddy Waters · 2011
"Sino-Forest is a fraud that overstates its timber assets; the equity is worth a fraction of its price."
In 2011, Muddy Waters Research exposed Sino-Forest, a $6 billion Chinese forestry company listed in Canada, as a massive Ponzi scheme. The company claimed to own vast tracts of timber in China, but investigators found the forests simply didn't exist.
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Jim Chanos / Kynikos · ResearchContinue→