The story is told through the eyes of several investment bankers who sniff out the problem and conduct their own investigations, picking up the slack left by the federal government, which is determinedly uninterested in the problem. How do they pull this off? A convenient Chinese policy that makes lying to foreign investors completely legal. Then they mislead (read: lie to) their investors about their revenue, artificially inflate their prices, get American investors drooling, and bring boatloads of U.S. The China Hustle focuses on a little-known type of financial fraud called “reverse mergers.” Essentially, Chinese companies are attaching themselves to defunct American companies that are still listed on the stock exchange. The China Hustle, a winning new doc, recycles a lot of familiar elements from prior efforts but adds a new wrinkle: its brand of economic malfeasance is-gasp!-still going on. While the goal of turning our national catastrophe into a two-hour teachable moment is a noble one, at this point they run the risk of becoming cliche and the message getting lost. Please reload the page and try again.įilms about the 2008 economic collapse are a dime a dozen, from Oscar-nominated docs ( The Inside Job) to star-studded blockbusters ( The Big Short). Whoops! There was an error and we couldn't process your subscription.
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