![]() investment firms such as Roth Capital Partners and Rodman & Renshaw (both profiled here) cozied up to these China-centric opportunities, “little” guys like David eventually took notice and began short-selling the stocks of these reverse-mergered entities in an attempt to expose their duplicity. The result was an array of seriously overvalued corporations that legally bypassed the kind of scrutiny - on both sides of the Pacific - that might have quickly shut down the whole shady enterprise.Īlthough big U.S. shell companies by private Chinese companies. The China Hustle Unveils the Biggest Financial Scandal Youve Never Heard Of There are no good guys in this story, says the docs protagonist, Dan David. bankers and lawyers and Chinese executives a bundle.ĭavid is our de facto guide here in telling this story of purported U.S.-China collusion in selling bad deals via the formation of reverse mergers: in this case, the acquisition of still-public, U.S. Tagline: There are no good guys in this story. “There are no good guys in this story, including me,” warns Philadelphia-area hedge fund operator and financial activist Dan David at the start of “The China Hustle,” writer-director Jed Rothstein’s accessible, persuasive, often amusing look at how investments in dubious Chinese companies gave way to crisis-level losses for average American stockholders in the wake of the 2008 financial disaster - and beyond - and made some U.S. The China Hustle (2017) iLK21 LayarKaca21 Genre: Documentary Year: 2018 Duration: 82 Min 7 votes, average 7.0 out of 10 An unsettling and eye-opening Wall Street horror story about Chinese companies, the American stock market, and the opportunistic greed behind the biggest heist you’ve never heard of.
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