![]() ![]() While David makes profits by short-selling the stocks affiliated with the companies GeoInvesting investigates, he also actively lobbies Congress to close the loophole that made it all possible. David set up a company, GeoInvesting, which works to investigate U.S.-listed Chinese companies. Soon, investors like The China Hustle‘s protagonist Dan David began noticing that the profits many of these Chinese companies were claiming were often fabricated. banks were granted access to the Chinese market. without going through the rigorous auditing process usually requrired, these U.S. In exchange for setting up “reverse mergers” with defunct American companies that would allow these Chinese companies to trade in the U.S. financial crisis, the investment bankers sought out Chinese companies looking to trade on U.S. ![]() Eager to break into the booming Chinese market in the wake of the U.S. investment bankers took advantage of a loophole in our financial system. What is the eponymous “China Hustle?” Between 20, a group of third-tier U.S. They do not, unfortunately, get any meaningful exploration of what this scam means within the context of global capitalism. What is capitalism? The China Hustle, a new financial corruption documentary from Jed Rothstein, opens with that ambitiously broad question. Over the course of the next 82 minutes, viewers learn about an international scam that resulted in more than, according to the movie, $14 billion stolen from Americans’ public pensions. ![]()
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