Greensill Capital’s $3.5 Billion Implosion

Steve Clapham is the Founder of Behind the Balance Sheet.  He was a former partner at a Tiger Management cub and former Head of Research at another multi-billion dollar hedge fund.  Steve uses forensic accounting to uncover fraudulent companies and deceptive corporate behaviour. In this conversation with Freddy Brick, Steve reveals intricate details about the $3.5 billion implosion of Greensill Capital.  Greensill was a trade financing company that partnered with Credit Suisse to package up accounts receivable of smaller corporations and sell them off to investors.  In an incestuous web of transactions and deception, Greensill managed to dupe Softbank into funding an elaborate scam before its inevitable downfall.