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?

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