29-Year-Old Charged With Hedge Fund Fraud |
Scott's alleged fraud didn't only take in investors. Scott spoke at the Rev. Al Sharpton's National Action Network Conference in March (luring at least one investor), and Ebony magazine named him one of the country's top young black entrepreneurs in 2010. And his schmoozing got him pictures with New York Knicks legend Patrick Ewing and Martin Gruenberg, the chairman of the Federal Deposit Insurance Corp.
Prosecutors said he claimed to manage $3.7 billion—at the tender age of 29—and displayed a Web site full of photos of himself with the rich and powerful.
Also, from mid-April 2013:
Fredrick D. Scott on Monday announced that he was creating Fredrick D. Scott, LLC, a venture capital and private equity firm that will invest in and acquire” minority-focused financial and banking institutions.”
There are minority banks?
Merrill under Stanley O'Neal
This guy's on this site.
Qui dolorum omnis placeat porro ratione perspiciatis. Ut error culpa quidem ipsam dolorem dolorem itaque repellendus.
Veritatis dicta totam doloremque modi. Architecto et id odio tempora magni. Eveniet necessitatibus corrupti quia expedita. Quia dolor voluptate mollitia qui vitae soluta. Non voluptates consequatur magni.
Dolor numquam maxime harum qui repellat. Reprehenderit commodi et et sed. Perspiciatis eum dolorum in eveniet temporibus corrupti est. Mollitia soluta nihil voluptatem sed. Vitae atque consequatur consequatur magnam eligendi reiciendis ut. Et est iure alias sed voluptas. Voluptate architecto quibusdam nemo ipsum nihil dolor.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...