Is there a classified ad out there that I'm not reading?
"Newbie investor seeks large amounts of funds from people who should know better. "
Today's example comes from Silicon Valley where a former capitalist used money from investors to buy a multi-million dollar stake in a hockey team. Really. I can't make this stuff up.
From NYTimes.com
Federal authorities accused William Del Biaggio III, 41, a former Silicon Valley venture capitalist and part owner of the Nashville Predators hockey team, of defrauding investors and using the money to buy his $25 million stake in the professional sports team.
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