Block, Carson

Additional data from LittleSis.org

{"id": 324916, "type": "entities", "links": {"self": "https://littlesis.org/entities/324916-Carson_Block"}, "attributes": {"id": 324916, "name": "Carson Block", "blurb": "Founder of investment adviser Muddy Waters Capital LLC", "types": ["Person", "Business Person"], "aliases": ["Carson Block"], "summary": "Grew up in the wealthy Manhattan suburb of Summit, N.J. Earned a business degree from the University of Southern California, where he also studied Chinese, in 1998. Earned a degree from Chicago-Kent College of Law in 2005. \r\n\r\nBlock earned his reputation as a short seller a decade ago through targeting U.S.-listed Chinese companies that he claimed were frauds. More recently, his San Francisco-based firm focused on British litigation-finance firm Burford Capital Ltd. and Japanese biotech stock PeptiDream Inc. Short sellers seek to benefit from a decline in a company’s share price.\r\n\r\nAugust, 1998: Moved to Shanghai, where he tried to start a Chinese equity-focused research firm. He soon abandoned the plan and moved back to California.\r\n\r\n1999: Worked at the L.A. office of CIBC World Markets for seven months.\r\n\r\n1999-2001: Joined father William Block's firm WAB Capital, which links micro-cap companies with potential institutional investors in exchange for warrants or preferred stock.\r\n\r\n2005: Returned to Shanghai to join the corporate practice of U.S. firm Jones Day.\r\n\r\n2007: Left the law firm with plans to start a Singapore-based wealth management business for wealthy Chinese. Stayed in Shanghai to co-author Doing Business in China for Dummies.\r\n\r\n2008: Launched troubled Shanghai self-storage business, Love Box.\r\n\r\nJune 28, 2010: Muddy Waters publishes a report on Orient Paper Inc., alleging the Chinese company is a fraud. Before publishing, Block and his business partner Sean Regan buy $4,000 worth of Orient Paper \"put\" options.\r\n\r\nDecember 17 2019: In a report on NMC, Muddy Waters hinted at potential overpayment for assets, inflated cash balances and understated debt. Shares of the United Arab Emirates’ biggest private health-care provider have since plunged 67%, and the firm is now the focus of takeover speculation. The sell-off also spread to Finablr, whose stock has tumbled 64% in that span.\r\n\r\n", "website": null, "end_date": null, "parent_id": null, "extensions": {"Person": {"party_id": null, "gender_id": 2, "name_last": "Block", "name_nick": null, "net_worth": null, "birthplace": null, "name_first": "Carson", "name_maiden": null, "name_middle": null, "name_prefix": null, "name_suffix": null, "nationality": [], "is_independent": null}, "BusinessPerson": {"sec_cik": null}}, "start_date": null, "updated_at": "2021-12-10T17:19:25Z", "primary_ext": "Person"}}

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