Fund manager accused of using fake CLO to run multi-million Ponzi scheme

By Hugh Minch

Monday, July 20, 2020

The co-founder of an investment management company who has been charged with fraud by the securities and exchange commission for setting up a multi-million dollar Ponzi scheme is alleged to have raised a CLO trust backed by fraudulent trade finance loans

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TAGS: Emerging markets Investment grade credit Law suits CLO North America South America

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