Carson Block, the young hotshot short-seller who runs Muddy
Waters Research, has become famous (or infamous) for shorting Chinese
companies. According to BI he was a virtual unknown in Wall Street circles
until his 2010 report on Orient Paper crippled the stock’s value.
Due to Carson's uncanny accuracy in developing targets to
short, experts in the industry think he's much better than the SEC at catching
fraudsters in the act. James Rickards, senior managing director of Tangent
Capital Partners, has declared, “Block is in the intelligence business where
you gather tidbits of information, you fuse them together, connect the dots and
then you draw a conclusion. The SEC is much more like cops. First the crime is
committed, and then they go to solve the crime. But Block is looking at the
crime in progress…..”
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