There are no good guys in this story, including me.Ìý— Dan David, GeoInvesting
After the 2008 financial collapse, U.S. investors began scouring global markets for new opportunities for high returns, and they turned to China to take part in its explosive economic growth. Looking beyond profits that seemed too good to be true, a band of rogue Wall Street outsiders uncovered a massive web of multibillion-dollar fraud.
From the producers ofÌýEnron: The Smartest Guys in the Room,ÌýÌýtakes a deep dive into China’s economic miracle to reveal how many ordinary Americans who want to invest in China’s dynamic growth—through pension funds, retirement savings, and mutual funds—are unaware they could be holding billions of dollars of junk.
Academy-Award®ÌýnomineeÌýJed RothsteinÌýfollows Dan David and a group of whistleblower investors who go to China to discover a landscape ripe for fraud. Working with Chinese investigators who put their freedom at stake, they expose hundreds of small Chinese companies that have vastly overvalued their assets, revenues, and and future prospects—representing 1.1 trillion dollars in market value on the NYSE and NASDAQ—and the American companies willing to turn a blind eye while they rake in huge profits.
On March 15, Âé¶¹¹û¶³´«Ã½ NYCÌýpresented an advanced screening ofÌýThe China HustleÌýand a conversation with the film’s director, key subject, and experts that considers the accountability and transparency needed to protect investors and asks: what will happen if the China bubble bursts?
PARTICIPANTS
Jed RothsteinÌý@boerumhillfilm
Director,ÌýThe China Hustle
Dan David
Chief Investment Officer, F.G. Alpha Management, and Co-founder, GeoInvesting
Featured subject,ÌýThe China Hustle
Dune LawrenceÌý
Investigative Reporter, Bloomberg & Businessweek
Jiayang FanÌý
Staff writer,ÌýThe New Yorker
This event was presented in partnership with Tumblr.