Brandon Fradd is a hedge fund manager who previously ran Apollo Medical Partners with a guy named James Melcher. Melcher claims that Fradd cheated him out of $6 million in profits. Fradd claims that Melcher was never owed those profits in the first place, as per their profit-sharing agreement. Initially, Fradd attempted to argue that because his former partner never made a stink about his cut while they were working together, he wasn’t entitled to anything after the fact. When that argument proved unconvincing, he turned to Plan B, the (alleged) forging of a document that conveniently contained “an amendment to the profit agreement [that] undermine Melcher’s claim.”

Unfortunately for Fradd, someone on the other side had to go and call in an “ink expert,” which sent him scrambling to figure out Plan C, in order avoid to the prison sentence that generally comes with forging documents. Let him know what you think. Please consider that he didn’t have much time to come with this:

Fradd said the amendment, which changed the arrangement to cut Melcher’s pay, was legitimate and that he accidentally burned it while making tea, according to court filings…In Tuesday’s ruling, the First Department said it was “troubled” by the purported forgery and burning of the document. “If Melcher’s allegations are proven, the court should impose a monetary sanction,” Richter wrote.

What? That’s how some people make tea.

Appeals courts finds for ex-hedge fund exec vs old partner [Reuters]

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Comments (7)

  1. Posted by Guest | January 30, 2013 at 2:35 PM

    "Fradd said the amendment, which changed the arrangement to cut Melcher’s pay, was legitimate and that he accidentally burned it while making tea"

    Sounds Legit.

    -UBS General Counsel

  2. Posted by 3p14 | January 30, 2013 at 2:41 PM

    Should have been called Icarus Medical Partners

  3. Posted by D. Strauss-Kahn | January 30, 2013 at 3:02 PM

    Ugh, tell me about it. Was walking around naked in my hotel, minding my own business, when I tripped and fell…right inside the maid!

  4. Posted by Celestial Seasonings | January 30, 2013 at 3:24 PM

    Finally, a DB post about tea. Took you so long?

  5. Posted by Guest | January 30, 2013 at 3:52 PM

    Can you please elaborate on if I will have to share my tea. As of late, that is my only concern when considering foodstuffs.

  6. Posted by sohbet | July 31, 2013 at 4:22 AM

    the singing , the dancing, the money losing!!! Finally, a DB post about tea. Took you so long?

  7. Posted by mikal din | April 1, 2014 at 12:09 PM

    Ms. Levin, you're a terrible writer. what kinda journalism is this? Wheres are the comments from the parties involved?