Sino Forest: A Reverse Merger Company

Sino Forest was originally, although everyone forgot it, a reverse merger forestry company in Canada. It became known in short seller circles as Sino Forest. They borrowed $2 billion in the Hong Kong market to invest in forest and there was no forest. This is an amount that puts you on the world list of richest people. That said, no one was ever punished in China. No one went to jail. No one was arrested. The $2 billion was never tracked down.