John Hempton on hotspots for fraudsters

Q: I hear you have a database of dodgy people, listing their actions and associations.  How helpful is this for a short seller?

A: Our database is enormously helpful.

There are also certain hotspots for bad people.  The biggest hotspot is Vancouver, then Toronto.  In the U.S., there's Salt Lake City and Boca Raton.  In Australia, there's Perth and the Gold Coast, in that order.  In the UK there's the AIM market and in Hong Kong there's all sorts.

They all have a reason.

~ John Hempton, "Crisis Talk: John Hempton, CIO of Bronte Capital: 'good things happen to bad people'," GlobalCapital, June 12, 2020