Personally, I think Glickenhaus has been duped like the rest of us. I think shorts are right that fraud exists in CCME. They are right, but for all the wrong reasons. Since the facts they presented didn't hold water and were refuted, longs tended to side with the company. Incredibly, the company obviously does have enormous problems, unrelated to what the shorts claimed, but big issues nontheless, causing the situation we now face.
I see how the Chinese justify the death penalty in these cases. The perpertrator of this type of fraud is one of no conscience. To the Chinese, this is someone without a spirit, thus death is simply organic. Americans grant sentient holy spirit to all humans beings. That's why Madoff lives.
