Echoes of the Wirecard scandal in Germany, where local regulator BaFin spent much more time suing critics than investigating the company:<p><a href="https://www.globalcapital.com/article/28mu9tpjsiu015o44foxt/people-and-markets/reckoning-begins-for-bafin-after-it-pursued-wirecard-foes-not-fraudsters" rel="nofollow">https://www.globalcapital.com/article/28mu9tpjsiu015o44foxt/...</a>
Here's the deck that got him banned <a href="https://www.slideshare.net/dingli8888/citron-research" rel="nofollow">https://www.slideshare.net/dingli8888/citron-research</a>
Full title (I shortened to 80 characters): Andrew Left Was Banned From Trading in Hong Kong for Saying China Evergrande Group Was Insolvent. Was He Right All Along?<p>The real estate firm — which Left targeted in a 2012 short report — now faces a reckoning on its $300 billion in liabilities.
From his call in 2012, the stock went up 10x before crashing all the way back down this year.<p>As usual, being the short guy is a lonely career.... (and a reminder the market can stay irrational longer than you can stay solvent).
Am I reading this correctly... this is from 2012? It's incredible to me how long it takes for reports like this to be seen as true by the larger investor community.