hedge funds and pharma do not mix (IMO)

Cardinal_Fang
Sun, 20 Dec 2015 00:11:47 +0000

Pharma bro has now tweeted that the accusations are “baseless and without merit.” I think this means we get a juicy trial, in which Mr. Sleazebag gets to explain such things as why he claimed, to potential investors, that he had $35 million under his management, when actually he had $700. Perhaps it was a rounding error.

He’ll get to explain how his new company paid millions in “settlements” and “consulting fees” to the investors he swindled in his previous hedge fund, people who had done no consulting for the new company and were due no settlements from the new company. Perhaps it was an accident, or maybe the dog ate his homework.

This should be good.