Aug 20, 2019
Marc Cohodes
has made a career betting against companies he suspects
of fraud. So when two FBI agents showed up on his farm to
tell him to stop Tweeting about MiMedx CEO Pete Petit, Marc says he
knew something was rotten in the Marietta, GA biotech’s company’s
operations.
Marc contends that MiMedx has been engaged
in several dishonest practices
and that Petit
called in political favors from Georgia senator, Johnny Isakson who interceded on
MiMedx’s behalf with the VA, FDA, and FBI while Isakson was chair
of both Senate Committee on Veterans Affairs and the Senate Ethics
Committee.
In his 30+ year career, Marc claims to have put a
lot of people in jail, and exposed 50-70 frauds, mostly in biotech
and sub-prime mortgages. He has been
called, “the scourge of
Wall Street,” and “Warren Buffett’s
mosquito.” Harvard Business School has
written two case studies about Marc’s
methods.
Marc is especially tenacious when target companies push back
or trash his reputation. Says he, "There’s no greater motivator than
disrespect."
Follow
Marc on Twitter: https://twitter.com/alderlaneeggs
Complement Paul on his supple
skin: http://PaulOllinger.com