Sino-Forest Is Filing For Bankruptcy

Carson Block

Photo: Bloomberg

Ever since Muddy Waters analyst Caron Block said that Chinese timber company Sino-Forest was a sham, the whole company started collapsing.Part of what made that interesting was the fact that John Paulson, the powerful hedge funder who’s been having a terrible year, lost $500 million while everyone was jumping ship. Brutal.

Now the company is filing for bankruptcy, according the Globe and Mail.

Think it will help Paulson sleep better at night?

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.