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Doing Good Business or Fraud?

Doing Good Business or Fraud?

December 5, 2011 | Comments (12)

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.“

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