John Paulson Could Lose Up To $650 Million On Latest Alleged Chinese Fraud

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 06/02/2011 - 14:01 | 1333143 TruthInSunshine
TruthInSunshine's picture

I am all in on the IPO of Hoo-Flung-Poo, a Chinese tech company that is manufacturing solar powered cleaning robots, that will IPO at around $122/share.

My good friend, Bang Dae-Ho, gave me this incredibly hot stock tip.

Can someone tell me where this company is located and what its products look like or how they work?


Thu, 06/02/2011 - 14:08 | 1333215 williambanzai7
williambanzai7's picture

Ahem...I believe you mean Hu Flung Dung

Thu, 06/02/2011 - 14:11 | 1333227 augie
augie's picture

Oddly enough, i keep recieving emails from Nigeria asking for my help in transfering 1,000,000,000. dollhairs into the U.S. for a 10% commision advertising that same tip as motive for the transfer.


might be worth looking into. I already sent my social security number and bank info to the guy, hope to hear back from him shortly. Fingers crossed!

Thu, 06/02/2011 - 15:08 | 1333482 unnamed enemy
unnamed enemy's picture

sounds like a great opportunity !!!

Fri, 06/03/2011 - 12:10 | 1336335 onarga74
onarga74's picture

Could you post his email.  I've sent a 100k twice and would like to send him and additional 500k.  I like to help out when I can. The other day I sent 700k to Mr. Bernanke so he could buy some more aapl shares for the financial well being of the country.

Thu, 06/02/2011 - 22:54 | 1334727 Ted K
Ted K's picture


Isn't it "Ai Fuk Yu Es Ay"???

Love the comedic art by the way.  You are the new Andy Warhol.

Thu, 06/02/2011 - 14:10 | 1333224 Cdad
Cdad's picture

Can someone tell me where this company is located and what its products look like or how they work?

Nope, but you are in on the ground floor of an amazing "buying opportunity" to be sure.  Just ask Duncan Niederauer...if he is not too busy selling the floor out from under the once free market American capitalist system, or taking his afternoon constitutional in the room next to Jamie Dimon's co located computers.

Who cares about fundamentals anyway...or products...or accounting?

Fri, 06/03/2011 - 12:04 | 1336300 onarga74
onarga74's picture

It's like 230 kilometers from Hu Yangks Nudlz

Thu, 06/02/2011 - 14:03 | 1333166 The Fonz
The Fonz's picture

please note: Do not confuse this company with TRE Tasmanian Royalty Exploration which is Jim Sinclairs company. THESE ARE NOT THE SAME. ty.

Thu, 06/02/2011 - 15:29 | 1333596 camoes
camoes's picture

Hope some fat finger sell TRE so that I can buy at a low bid

Thu, 06/02/2011 - 14:05 | 1333178 buzzsaw99
buzzsaw99's picture

weep not for jp, he got to keep his two and twenty from previous frauds.

Thu, 06/02/2011 - 14:06 | 1333181 pazmaker
Thu, 06/02/2011 - 14:06 | 1333204 TruthInSunshine
TruthInSunshine's picture


That makes me more bearish on China than even anything ever put out by Chanos (who is among a single handful of people who has credibility, IMO).

Thu, 06/02/2011 - 21:11 | 1334531 Freddie
Freddie's picture

Chanos is good.  There was a presentation on the web at Columbia or NYU or ??? with him talking about China. He is far less sleazy than most hedgies and shorts.

As far as this kid in China??  I think it is an Apple PR hype job. 

Thu, 06/02/2011 - 14:10 | 1333221 RobotTrader
RobotTrader's picture

FXI is showing relative strength.

Blue chip Hong Kong shares are outperforming the SPY at the moment, still above the 11-day and 22-day EMA.

Only a fool invests in small cap junkers that pay no dividends.

Thu, 06/02/2011 - 15:11 | 1333494 lieutenantjohnchard
lieutenantjohnchard's picture

guess you're a fool then for touting jkhy, tzoo and zlc.

robottrader: when you need a stock tip from an unemployed part time contract 1099 processor.

Thu, 06/02/2011 - 20:14 | 1334431 XPolemic
XPolemic's picture

Only a fool invests in small cap junkers that pay no dividends.

Thanks for sharing your trading strategy with us.

Thu, 06/02/2011 - 14:23 | 1333241 mogul rider
mogul rider's picture

Pump and dump?

Is that where a group of people say the world is coming to an end, cash is useless and there are only things to buy that will save you? They have the answer to save you - buy this, buy that

Several people then break off and form their own blogs and pump it even more? Thus a belief system is created that distorts reality and everything then becomes a conspiracy and if your not part of the belief you are rediculed by the pumpers who have many bets on the other side?

Pseudo technical analysis included?

Is that what a pump and dump is?

Thu, 06/02/2011 - 15:55 | 1333716 Bay of Pigs
Bay of Pigs's picture

Distorts reality?

That's pretty funny coming from you.

Thu, 06/02/2011 - 14:27 | 1333305 oddjob
oddjob's picture

Any fucking idiot knows you can dig up trees out of the ground for $5.

Thu, 06/02/2011 - 14:33 | 1333336 JW n FL
JW n FL's picture

everyone knows you cant eat trees.. or $5 bucks.. and / or $5 dollar trees!


so keep your hat on Mr.!

Thu, 06/02/2011 - 14:35 | 1333329 JW n FL
JW n FL's picture

short paulson! make money!

Thu, 06/02/2011 - 14:40 | 1333368 tallen
tallen's picture

No options to trade on this one :(.

Now down 34%

Thu, 06/02/2011 - 14:48 | 1333388 TopOnePercent
TopOnePercent's picture

This is very interesting and perhaps suggest previous success was because of banking on GS teflon legal largesse.


Very telling.


Perhaps some clients are going to find out for sure.

Thu, 06/02/2011 - 14:45 | 1333392 ReallySparky
ReallySparky's picture

It's about time this cat lost some money.

Thu, 06/02/2011 - 14:50 | 1333407 Hedgetard55
Hedgetard55's picture

Looks like someone(s) got the NFP number for tomorrow - market rebounding, should be green by close.

Thu, 06/02/2011 - 14:59 | 1333436 carbonmutant
carbonmutant's picture

Wow, Phantom trees produce phantom money...

This must be where Bennie and the Inkjets are getting their phantom paper....

Thu, 06/02/2011 - 15:04 | 1333458 Whatta
Whatta's picture

any one else get just a little bit of warm-fuzzy seeing John Paulson's name in there?


PS...when are we gonna here that Squidman Sac hooked Paulson up with this "investment"?

Thu, 06/02/2011 - 16:42 | 1333887 mtguy
mtguy's picture

Paulson's a genius when he cheats the system and makes money but when there aren't any Golden freebee's he's as mortal as any of us. Cheating bastard deserves much worse than this!

Thu, 06/02/2011 - 15:10 | 1333515 El Gato
El Gato's picture

Why didn't ZH cover the Citron Research report about HRBN yesterday?  Another Chinese RTO in fraudspace. That would have made it 2 for yesterday (after "SkyPeople Fruit Juice" SKU was exposed). ZH, give Citron some love!

Somehow, somehow HRBN is treading water aroud $15.50 today after a beatdown yesterday. Why this thing trades >$0 is beyond me.

Thu, 06/02/2011 - 16:32 | 1333846 oddjob
oddjob's picture

"Tree is dead"  Mr Wint

"most unfortunate" Mr. Kidd

Thu, 06/02/2011 - 16:52 | 1333910 Double down
Double down's picture

Another moron who did not read the report.  Overpaid rubber stamper.    

‘Gross Exaggeration’

Block’s report is “a complete, gross exaggeration,” said John Goldsmith, a Toronto-based money manager at Montrusco Bolton Investments Inc., which manages about C$4.9 billion ($5 billion), including Sino-Forest shares.

Goldsmith said he’s confident in Sino-Forest’s financial reporting because it’s been audited by Ernst & Young LLP and the company’s assets have been valued by consulting firm Poyry Oyj. A one-month delay in filing its next quarterly statement is due to a switch to international accounting standards, he said.

Thu, 06/02/2011 - 18:47 | 1334226 Buck Johnson
Buck Johnson's picture

I guess he lost his 3 quarters of a billion dollars investment.

Thu, 06/02/2011 - 21:22 | 1334556 Justaman
Justaman's picture

Maybe he should stick to something understandable, like gold. 

Thu, 06/02/2011 - 22:41 | 1334690 DTCC 1999
DTCC 1999's picture

Sino-Forest Corporation huh - the man hates housing alright.

Do NOT follow this link or you will be banned from the site!