China Fraud Accusations: Wesley Clark's Ex-Firm Faces Questions


Most of those who worked at Rodman have moved on to other ventures. Last year, when the Pittsburgh Tribune Review published one of the first in-depth reports about the firm's track record on China investments, former Rodman CEO John J. Borer told the newspaper that "a lot of Chinese companies have suffered for a lot of reasons." He said the firm's customers were seasoned investors who were aware of the risks involved in investing in a company based in China.

READ the Tribune Review story.

Clark, however, has said little about the firm's track record. The general announced last summer he was stepping down as chairman and has declined repeated requests for an interview about his tenure at the firm.

Initially, when ABC News tracked him down after a public appearance at a conference in Orlando in December, he said he could not discuss anything related to Rodman & Renshaw because the firm was in the midst of being sued.

"Can't talk about it because it's in a court case," Clark said as he hurried away. "It cannot be talked about."

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