476: Dan David | Putting Muscle on the China Hustle

The Jordan Harbinger Show

Jordan Harbinger

Social Sciences, Self-improvement, Entrepreneurship, Talk Radio, Business, Science, Education

4.8 • 12.1K Ratings

🗓️ 2 March 2021

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Activist short-seller and I Hung Up On Warren Buffett Podcast host Dan David joins us to talk about massive fraud brought to light in The China Hustle.

Transcript

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0:00.0	Coming up on the Jordan Harbanger Show.
0:02.3	So we hired our own team to go look at 30 companies
0:06.0	to prove that the short sellers are lying in our wrong.
0:09.3	And our team came back after like two months
0:12.3	looking at 30 companies and they said, yeah,
0:14.2	the short sellers are wrong.
0:15.3	They're understanding the problem.
0:16.9	Fraud is pervasive.
0:18.0	It's out in the open.
0:19.1	So we went to the banks.
0:19.9	We said, look, this is what you're missing.
0:21.7	We can ramp up a robust due diligence team
0:24.4	to vet any of these deals because I'm sure
0:27.2	you don't want to sell these deals to the market
0:28.9	that are frauds.
0:30.0	And they're like, hold on a second.
0:31.2	You want us to pay you not to represent these companies.
0:35.0	Because if you come back and say they're a fraud,
0:36.9	we can't collect transaction fees.
0:43.4	Welcome to the show.
0:44.4	I'm Jordan Harbanger.
0:45.7	On the Jordan Harbanger Show, we
	...

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