Trade finance specialist sentenced to 12 years in prison for CLO and fund fraud
David Hu, the former chief investment officer of International Investment Group, has been sentenced to 12 years in prison for his role in running a “Ponzi-like scheme”, which included using a CLO to create fraudulent loans.
Subscriber-only article
This article is available only to Creditflux subscribers and free trial users within 30 days of publication.
Already a subscriber? Not logged in? Click here to login.
If you have not already done so,
you may request a FREE TRIAL by clicking here
This trial will give you:
- 4-weeks' free online access to our
most recent subscriber-only articles - Daily breaking news alert sent by email
- A print copy of Creditflux
If you currently have a free trial, you will see this message when you try to view articles older than 30 days.
Related Stories
- Third time's the charm as 2013 vintage CLO gets reset 7 hours ago
- New Mexico pension system approves USD 150m top-up to distressed debt fund 23 hours ago
- Antares hires CSAM managing director 23 hours ago
- European reset highlights weakness in mezz despite robust senior demand 1 day ago
- Elmwood prints eighth deal this year 1 day ago
Funds
- Australian private credit fund-of-funds launched for retail investors 23 hours ago
- New Mexico pension system approves USD 150m top-up to distressed debt fund 23 hours ago
- Antares hires CSAM managing director 23 hours ago
- MGG raises more than USD 400m in first close of lower middle market fund 2 days ago
- Cheyne returns to SRT market with eye-catching hire 2 days ago