The following is a compilation of press releases published by the ACFE.
Carson Block, the founder and Chief Investment Officer of Muddy Waters Capital LLC, made headlines at the beginning of 2020 when he posted a report to Twitter accusing Chinese coffee company Luckin Coffee Inc. of fraudulently inflating sales. In April, the company admitted that more than $300 million of its sales from 2019 were fabricated. Block told the ACFE that when he’s looking at companies to short, he starts with the basics.
Block will address attendees at the virtual 2020 ACFE Fraud Conference Asia-Pacific, 24-25 September. He said that he hopes he can show attendees that "investors' perception is easily manipulated."