60 Village Voice Alan Scherstuhl The Corporation in 2004 brought in roughly $3.4 million around the world. From the producers of the Oscar-nominated Enron: The Smartest Guys In The Room, The China Hustle is directed by Jed Rothstein, director of the Academy Award nominated documentary Killing in the Name. Keep track of everything you watch; tell your friends. A documentary about the Enron corporation, its faulty and corrupt business practices, and how they led to its fall. The China Hustle. Official poster for Magnolia's "The China Hustle". (2017). Originally from Flint, Michigan (where his family still live, and since we see them in the film I'll throw out a "Go Green!" View production, box office, & company info, ‘The Girlfriend Experience’ Season 3 Gets Premiere Date at Starz (Video), 166 Documentary Features Submitted for Oscars, Academy Documentary Branch Faces Daunting 166 Documentary Feature Oscar Submissions, Hamptons International Film Festival: Features Lineup, Self - Journalist, Southern Investigative Reporting Foundation, Self - NATO Supreme Allied Commander, Europe, Self - Co-Managing Partner, Marcin Bernstein & Pinchuk LLP, Self - Journalist, The Wall Street Journal. Enron: The Smartest Guys in the Room for example took a little under $5 million at the 2005 box office. Whatever short term financial gains exist for the businesses, banks, auditors, lawyers, and others involved in perpetuating or benefiting from the practices outlined in the movie, the long term damage won't be limited to investors who get fleeced, and will instead inevitably implicate and harm entire sectors of both nations' economies while destabilizing trade and banking for years. With enough press attention and public awareness -- and make no mistake, it deserves and needs such attention due to the import of the subject matter -- audiences in the limited theatrical markets will support it, and people at home wondering what new threat is emerging to their retirement plans (or, as is sadly the case for a lot of people, what threat wiped out their retirement savings already) will rent it. Parents need to know that The China Hustle is a documentary about a massive fraud that was perpetrated on American investment markets after the 2008 economic meltdown. 11.5k machines today and won't be running the rest until Q3/Q4. Use the HTML below. ", If at that point you got worried about going to jail because it all sounds illegal, you'd be perfectly reasonable to think so. If you have a 401(k) that's lost value, or if you've lost a portion of your pension, there's a chance this picture explains part of the reason why. Follow me on Twitter and add me on Google . There's no reason not to do it!". Summaries An unsettling and eye-opening Wall Street horror story about Chinese companies, the American stock market, and the opportunistic greed behind the biggest heist you've never heard of. on behalf of my family's own Michigan State alums), he is now the vice president and co-founder of GeoInvesting. It details a play by play of the various frauds that took place … How the American wealthy, and the President is trying to cover up one of the biggest hustles in the history of capitalism. There was a token effort by some of the principals to get the attention of Congress but there was little to no effort to involve the SEC or get them on China Hustle was revealing in yet another disgusting mega-financial fraud perpetuated on the public. But it's a story that could be directly affecting you, endangering your financial stability and your future. From Wings to Parasite, here's a look back at all of the Best Picture Oscar winners in the history of the ceremony. Takes a closer look at what brought about the 2008 financial meltdown. To learn more about The China Hustle, visit our website today! Opinions expressed by Forbes Contributors are their own. The China Hustle makes for an infuriating (and sometimes engaging) watch, but it falls far short of putting this particular financial practice into the context of global capitalism. So, you're probably wondering what exactly the "hustle" itself is all about. If they're making $10 million, they might claim they're making $100 million, for example. Niall Ferguson takes us on a historical adventure through the ascent of money, applying fact and opinion throughout. Okay, now imagine someone comes to you from another country -- let's make one up, the imaginary country of Fraudland -- and they tell you, "Hey, I can put your company on the stock market in Fraudland, and make you rich." Lack of oversight, combined with the seductive allure of China with its trove of "ripe" investment opportunities, resulted in billions of dollars spent on entities that were totally misrepresented. Add the first question. An eye opening account of what is going on Globally circling the China growth story. The running of the financial bulls is on display in Magnolia's "The China Hustle". Big trouble in China is revealed in Magnolia's "The China Hustle". The China Hustle OWN IT ON DIGITAL HD From the producers of ENRON: THE SMARTEST GUYS IN THE ROOM comes a Wall Street heist story about a still-unfolding financial crime so big, it has the power to affect all of our wallets. Quite simply, the implication impossible to ignore here is that most of the major institutions -- banks, brokers, regulators, auditors, lawyers, investment firms, and so on -- are perfectly aware of the situation, know the dangers involved, and simply ignore it or actively enable it because it's making everyone filthy stinking rich. A recent string of short reports, fraud admissions, and lawsuits have reinforced these fears. Courtesy of Magnolia Pictures Dan David, co-founder of GeoInvesting, is the first voice you hear in Jed Rothstein’s new documentary The China Hustle. Of course, the fines tend to consistently be vastly smaller sums of money than the profits made from the fraud, so there's no real incentive to avoid the fraud and every incentive to engage in it. But on the other hand, Congress is generally uninterested in really stopping financial fraud -- indeed, some would say they are enabling and encouraging it via deregulation and blatant attempts to ignore or sideline discussion or revelation of fraud. The film is The China Hustle, opening this weekend in limited release and on select streaming services, and it is a klaxon warning of potentially impending economic disaster. All positive reviews › S. Vecchio. It's one thing to talk about people who exploit vulnerabilities in the system and take advantage of it, and quite another thing to talk about the system as full of intentional vulnerabilities to allow exploitation for the enrichment of a few at the expense of the rest of us. But to see so much blatant evidence backing up the notion and explaining just how matter-of-factly everyone goes along with it, and to witness the sheer contempt that regulators and members of Congress have for anyone trying to really expose and stop such frauds, is still infuriating. How are ratings calculated? Small companies in China were merged with shell companies in the U.S., put on the stock exchanges, and then claim earnings, revenue, business, and so on that's all far in excess of what the company is really doing. The China Hustle is a documentary about how billions in investor capital was lost due to fraudulent activities. The China Hustle is a recently released documentary from Academy Award winner Alex Gibney and Academy Award nominees Frank Marshall and Jed Rothstein and the producers of Enron: The Smartest Guys in the Room.The China Hustle features the story of the wave of Chinese reverse mergers that swept the market a few years ago. The paperwork is falsified, banks and investment firms and others promote the company as a good investment without doing due diligence to make sure it's real and that the numbers add up, and so billions of dollars pour into these companies that are actually worth vastly less -- sometimes almost nothing at all, apparently -- and then the people committing the fraud, the banks and other financial institutions making huge commissions from investments in those fraudulent enterprises, and others walk away with the money while investors are left holding the bag. Chronicles the financial meltdown of 2008 and centers on Treasury Secretary Henry Paulson. This isn't an exposé of a foregone scandal, mind you, but rather an ongoing one with major implications for our economy and that of China. 'The most important movie of 2018 is one you may not have even heard of. With a limited theatrical release and being a documentary, The China Hustle would be expected to perform akin to most similar issue-oriented documentaries, meaning perhaps a few million dollars in theatrical revenue. Docs like Jed Rothstein's excellent The China Hustle present us with such frequent occasions for outrage that, in the interest of fairness, it's time for a … “The China Hustle” also features interviews with Alexandra Stevenson of The New York Times and the retired Gen. Wesley K. Clark, the former presidential candidate who … Of short reports, fraud admissions, and crime spreading through the of... Maneuverings did n't end with the 2008 financial meltdown of 2008 and centers on Treasury Secretary Henry Paulson million theatrical! On your own site my family 's own Michigan State alums ), he now! Mojo, Rentrak, and how they led to its fall Hustle is a documentary the! Opening account of what is going on Globally circling the China Hustle the Cambridge scandal. 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