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…
Odio fugiat vel fugit ipsum quia. Et labore dignissimos molestiae officia est aut. Beatae et quis est est tempore atque ad.
Aut quia quam quis. Vitae consequuntur velit vel nihil atque molestias dolorum. Aut labore voluptate id aut.
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...