Byju’s last year transferred more than half a billion dollars to Camshaft Capital Fund, the investment firm founded by William C. Morton when he was just 23 years old, some Byju’s lenders claim in a lawsuit. Morton’s fund received the money despite an apparent lack of formal training in investing, according to the lenders.
Byju's, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash.
Byju s Transferred $533 Million to a Hedge Fund That Houses US Pancake Shop: Report thewire.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewire.in Daily Mail and Mail on Sunday newspapers.
Byju s hid $533 mn in hedge fund once run from Miami IHOP, allege lenders business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Indian ed-tech company Byju s has been accused of hiding $533 million in a hedge fund founded by William C. Morton, who allegedly had no formal training in investing. The fund, Camshaft Capital Fund, listed its principal business address as an IHOP pancake restaurant in Miami, according to court papers.