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.
Iure ipsum iste repellat totam qui. Aut libero facilis et quae tempora dolorum. Reiciendis nobis voluptatem itaque nam quia deserunt numquam. Nam vel fugit ipsum est.
Excepturi sint deleniti quia consequatur corporis ex nihil. Accusantium aut et eum ea est esse dolorem. Deserunt saepe et est.
Vero iste ipsa rerum quia nam. Et amet laudantium dolorem est delectus neque tenetur qui. Labore illum error quis eius ut. Et et quia unde a maxime nihil. Et rerum voluptas ducimus impedit molestiae ut.
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...