Carson Block Says the Virus Crisis Is Making Fraud Harder to Hide
- Muddy Waters founder expects a number of new scandals
- Luckin Coffee, Hin Leong allegations have spooked investors
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From the savings and loan crisis in the late 1980s to Bernie Madoff’s reckoning in 2008, history is littered with financial misdeeds that only came to light after bouts of market turmoil.
Carson Block and other fraud hunters now say the next big wave of scandals may be imminent as the coronavirus crisis makes bad behavior tougher to conceal.