Hi folks, I have been asked by others on another board to provide a link for my post (link back). There is no link. It's from my brain.
I have traded stocks daily for 16 years. I can't provide a primer on slime but that's often what raising money for bios is about.
The article I linked said he raised something like $350M for a drug candidate that had already failed. And guess what- it failed again. Now innocent investors sucked in by rosy PRs are out another $350M. And guess where the money goes in these come-ons? For cushy jobs, big salaries and stock awards- whether you accomplish something or not. And he didn't.
I've seen this time and time again. These bios are too often a hope, a lick and a promise. Too frequently a vehicle to legally fleece innocent investors. And usually with the same results- orchestrators make big money and investors get squat. And know that many of these investors are in desperate financial shape, hoping the embellished PRs are true.
Just being part of a hedge fund is extremely dubious to begin with. They are often about finding angles, tricks and clever sleight of hand plays. Think subprime mortgages bundled and sold off to unsuspecting investors.
I don't like the work world he comes from. It's not "honest" work. By that I mean it is not someone building houses, laying pavement, providing mental health services, practicing medicine or dentistry, providing day care for children or the aged, running a store, etc.
Hedge fund are too frequently about how can we finagle money out of unsuspecting people.
Young turks at Goldman are some of the most obnoxious people you could ever meet.
This guy comes from the world of Sen. Romney, who squeezed companies dry and left them with huge debt and Sen. Scott of Florida whose company fleeced Medicare of over a billion dollars and missed wearing pinstripes by the skin of his bald head.
MG
Father of The Inovio Scam Expose