2min chapter

The Joe Walker Podcast cover image

The World According To A Maverick, Beach-Biding Stock Picker - John Hempton

The Joe Walker Podcast

CHAPTER

The Consequences of a Sinophorist Listing

Nobody was prosecuted in the Cupid PLC fraud case. It's not as blatant as sinophorist, but it is just that blatantly obvious. In other words, it was some raisins on a lot of turds. And it never got too big. But if you had done sinophOrist in the UK, right, with UK citizens, somebody would have been prosecuted. Somebody would have gone to jail. If you'd done it in Australia, even, and, you know, ASIC is possibly the weakest securities regulator in the Western world outside Canada. Right. The penalties, you get to keep half a billion. No penalty. Still a rich guy.

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