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Summation with Auren Hoffman
Non-obvious ideas that move the world. Auren Hoffman hosts leaders across tech, business, markets, and government.
Summation is the permanent home for the relentlessly curious.
Auren is CEO of NQB8, GP at Flex Capital, Chairman of Dialog; former CEO of SafeGraph and LiveRamp (NYSE: RAMP).
Summation with Auren Hoffman
Short-seller Carson Block: a fugitive CEO, Libyan spies, and $50B fraud
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Carson Block is the founder of Muddy Waters Research, one of the defining activist short-selling firms of the last decade and a half. Since 2010, Muddy Waters has published forensic research exposing accounting fraud at publicly traded companies across China, Europe, and the US and has been right enough times that 11 companies have been delisted as a result.
In this episode of Summation, Carson and Auren discuss:
- why outright fraud is only 20-25% of Muddy Waters' focus
- the Wirecard saga
- why high-trust countries like Germany are a paradise for criminals
- how the thing that killed Enron is still completely legal
You can find Auren Hoffman on X at @auren and Carson Block on LinkedIn and on X @muddywatersre