Who Got Scammed??It matters not how high the stock is or who owns it. Intelligent people can get taken.
In the matter of Sino-Forest, the Ontario Teachers Union lost some $1 billion on the scam. John Paulson - who made billions shorting the sub-prime mortgage with the help of Goldman Sucks - lost $500 million. The Canadian Who's Who of mutual funds invested millions too.
Btw, Jim Granath sold all his RECO shares he owned as of Sept 2021 and he is giving glowing reports on the seismic data??