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Such a cynic Kelbon.

You bet.

But wait, there's more.


Carnes, who is married with children, wore open-collared shirts and a black Ermenegildo Zegna jacket at two interviews in downtown Vancouver last month. He said he made a $2.5 million profit shorting Silvercorp Metals Inc. (SVM), a Vancouver-based company that mines silver in China. The shares slid 20 percent on Sept. 13, the day a report questioning Silvercorp’s deposits and production was published on

Police Investigation

The British Columbia Securities Commission is probing Carnes’ allegations about Silvercorp. Carnes says he’s cooperating with SEC investigators and Canadian police.

Lorne Waldman, a spokesman for Silvercorp, Richard Gilhooley, a spokesman for the British Columbia watchdog, and John Nester, an SEC spokesman, declined to comment. Sergeant Duncan Pound, a spokesman for the Royal Canadian Mounted Police, said an investigation by his force is continuing and declined to comment further.

A request for comment to Puda Coal’s offices in China wasn’t immediately answered.

Silvercorp named Carnes in a lawsuit filed in the State Supreme Court of New York alleging defamation. Sino Clean Energy Inc. (SCEI) and Deer Consumer Products Inc. (DEER), also targets of reports on alleging fraud, have also each filed complaints in the same court alleging defamation.

Whatever the outcome. I wouldn't make investment decisions that could possibly be influenced, in any way whatsoever, by this guy.
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