Manhattan Investment Fund fraud
Manhattan Investment Fund was a hedge fund managed by Michael Berger, who pursued an investment strategy of betting against US stocks that appeared to be over-valued. During the stock market bubble of the late 1990s, this strategy led to about $400 million in losses on IT related products. Berger hid the losses from the investors in the fund for more than three years. This was considered a major financial scandal in that time.
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Manhattan Investment Fund fraud
Manhattan Investment Fund was a hedge fund managed by Michael Berger, who pursued an investment strategy of betting against US stocks that appeared to be over-valued. During the stock market bubble of the late 1990s, this strategy led to about $400 million in losses on IT related products. Berger hid the losses from the investors in the fund for more than three years. This was considered a major financial scandal in that time.
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Manhattan Investment Fund was ...... r almost two years in Austria.
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33,325,664
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680,625,575
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Manhattan Investment Fund was ...... inancial scandal in that time.
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Manhattan Investment Fund fraud
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