The Jordan Harbinger Show 476: Dan David | Putting Muscle on the China Hustle
Mar 2, 2021
Dan David, founder of Wolfpack Research and an activist short-seller, dives deep into investment fraud linked to Chinese companies in the U.S. markets. He reveals how reverse mergers enable these firms to operate without oversight, siphoning billions with impunity. Dan shares shocking insights into why the U.S. government permits this corruption and discusses the tragic fallout suffered by retail investors. He calls for greater accountability among financial advisors and warns of the long-term dangers if systemic fraud continues unchecked.
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Two Licensed Companies
- Dan David recounts encountering two Chinese CEOs at a conference, both claiming to be the only licensed online education company in China.
- This sparked his suspicion and led him to investigate further, uncovering that both companies were fraudulent.
Fake Factory Activity
- Dan David's team filmed a Chinese factory that claimed to be active.
- The factory only showed activity when American investors visited, revealing a staged performance.
Who's to Blame?
- Risky, speculative investments, like those in fraudulent Chinese companies, shouldn't be accessible to ordinary investors.
- Investment advisors who push such products onto vulnerable individuals are the ones exploiting them, not solely the Chinese companies.
