Done and Done. "Paulson reports that, as a result of dispositions of Common Shares of Sino-Forest on behalf of the Funds, the aggregate number of Common Shares held by the Funds as of close of business on June 17, 2011 was zero. Paulson no longer owns any shares of Sino-Forest."
The world's smartest investor just capitulated, confirming he has fallen pray to the oldest trick in the stock fraud world. And so much for careful "due diligence" underlying each and every decision at the fabled fund.
Rough estimate of loss on his stock and and bond holdings: $750 million+.Paulson Document