476: Dan David | Putting Muscle on the China Hustle

The Jordan Harbinger Show

Jordan Harbinger

Education, Science, Business

4.8 • 12.3K Ratings

🗓️ 2 March 2021

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dan David (@Dan_David44) is an investor, activist short-seller, and whistle-blower. He is the founder of Wolfpack Research, host of the I Hung Up On Warren Buffett Podcast, and is featured in The China Hustle documentary.

What We Discuss with Dan David:

Dan defines what it means to be an activist short-seller, and how his research discerns between legitimate but worthwhile risks in the market and outright criminal fraud.
How Chinese companies use reverse mergers to trade on US markets without oversight and siphon hundreds of billions of dollars from the economy without accountability or criminal consequences.
Why the US government allows this legalized corruption to continue (with the blessing of investment banks).
In the end, who really suffers in the fallout of these reverse takeover (RTO) scams.
The long-term dangers of allowing this fraud to continue, and what Dan sees as our way out of this mess.
And much more...

Full show notes and resources can be found here: jordanharbinger.com/476

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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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