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  "documentTitle": "Sino-Forest Corporation (TRE)",
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  "authorName": "Carson C. Block",
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  "presentationDate": "2011-06-02 00:00:00",
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      "text": "Sino-Forest raises capital in increasingly larger amounts, which is effectively a Ponzi scheme.",
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      "text": "It is a fairly standard capital markets transaction to complete a new financing of an asset that has increased in value. In isolation, this conceptually would not be a Ponzi scheme...",
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      "text": "Sino-Forest raises capital in increasingly larger amounts, which is effectively a Ponzi scheme. TRE raises cash from the financial markets, purportedly buys forestry assets...",
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      "text": "Bohu has an account payable of RMB 327.8 million to six companies. Four of the six companies are Sino-Panel Subsidiaries. The fifth company Huaihua Yuda is an undisclosed TRE subsidiary...",
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      "text": "Sino Forest to date has raised over $3.05 billion from the capital markets and has not paid a cent back from free cash flow, nor has it paid a dividend.",
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      "text": "XII. The Multi-Billion Dollar Ponzi Scheme",
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