Tag: "Enronm"

Doing Good Business or Fraud?

Muddy Waters …no not the blues singer, but the investment research firm headed by lawyer/founder Carson Block, reports on which Chinese companies can be “trusted.” Block engaged in a heated debate at the Bloomberg Hedge Fund Summit in New York this week with Daniel Arbess, a partner from asset management firm Perella Weinberg. Block boldly reminded listeners that China is a communist country where they “shoot people who dissent.” He continued that, “From a rule of law viewpoint, this is a place to stay away from.” Block insisted that, “Emerging markets (like China) don’t reward partners who are overly ethical.“