Amazing story of how it took SEC 10-years to pin down Greenwich PE fund Oak Investment Partners partner Iftikar Ahmed who is now a fugitive. (link inside the post).
Harvard, Goldman Sachs, Venture Capital…FugitiveIftikar Ahmed appeared to be an immigrant success story, but prosecutors and regulators allege he stole $65 million
A boyish 43 years old, Iftikar Ahmed ticked every box of the immigrant success story, going from Harvard Business School to Goldman Sachs Group Inc. and then landing as a partner at one of the oldest venture-capital firms in the country. He and his wife owned a mansion in Greenwich, Conn., and two apartments on Park Avenue in Manhattan, and gave large sums to local and Indian charities.
http://www.wsj.com/articles/harvard-goldman-sachs-venture-capitalfugiti…
The whole SEC case can be found here: https://www.sec.gov/litigation/complaints/2015/comp23260.pdf
Finished reading the story....wow, you would think at this point VCs and PEs that established would have a stronger internal controls process...but that's life I guess.
I read this earlier, all I have to say is the wife is guilty AF too haha
He's a sly dawg. Just look at that motherfucking smile.
IIT>Harvard>>VC>rekt Greed got the best of him
Can someone post cliffs of the story? No WSJ subscription :/
http://www.reuters.com/article/2015/05/26/insidertrading-cooper-tire-ah…
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