Carson Block, Founder of Muddy Waters Capital, joins Zer0esTV to reveal his short thesis on Eurofins Scientific SE (ERF.FP). Based on extensive research, Muddy Waters believes Eurofins has utilized an overly complex corporate structure that has been optimized for malfeasance. Central to their thesis is the laundry list of questionable real estate transactions between the company and a controlling shareholder. For many years, Dr. Gilles Martin has amassed a real estate empire through these transactions, which has then been used to parasitically siphon material amounts of money from Eurofins. Furthermore, the complex structure of Eurofins has created shockingly deficient internal controls, which raises many questions about the company’s accounting of capital expenditures, cash flows, and at a most basic level, its cash balances.