Monday, September 18, 2017

‘China Hustle’: A Horror Story about Chinese Firms Listed on North American Stock Exchanges

TORONTO—The documentary “The China Hustle,” which premiered recently at the Toronto International Film Festival, shows how hundreds of Chinese companies listed on North American stock exchanges can cause billions of losses to investors due to lack of proper oversight.

These Chinese firms enter the U.S. stock market through reverse takeovers with American companies and report revenues and assets that have no base in reality, thus inflating the companies’ stock value.

Making a story about complex financial transactions for the everyday viewer was one of the biggest challenges faced by Jed Rothstein, director of “The China Hustle.”

“Financial crimes are by their nature very complex; their complexity is what enables the fraud,” said Rothstein, the producer/director behind “Before the Spring After the Fall” and “Killing in the Name.”  (more...)

In more depth:

There's your New World Order for you.

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