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  "documentTitle": "Twist Bioscience (TWST)",
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  "authorName": "Scorpion Capital",
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      "text": "A transaction with an offshore Chinese entity that invests $70MM with $25MM round-tripped back raises obvious concerns relating to the Foreign Corrupt Practices Act.",
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      "text": "1. Twist CFO Jim Thorburn's background is troubling... 2. We are alarmed by a suspicious transaction between Twist and a mysterious Cayman Islands-domiciled entity called Ever Alpha L.P...",
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      "text": "Part VII: Twist's management exhibits striking red flags, with suspicious transactions with opaque, offshore Chinese entities, and its largest holders at IPO appear to be a cesspool of bad actors. Aside from the CEO being sued by and settling with her previous employer, the CFO previously worked at a controversial player in the \"prisoner leasing\" industry, which Twist may still use as a vendor per an ex-employee. Twist's largest holder at IPO was a mysterious Chinese entity we believe is linked to an \"unprecedented\" $12.7B fraud in China. We detail a troubling \"Side Letter\" transaction with this entity that reeks of FCPA risks, and a plethora of other investors with concerning histories.",
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