Defunct Hedge Fund Would Have Liked To Know Its CFO Was Under Indictment
I mean, technically, still "no".
And since Omae Capital Management couldn’t be expected to pony up the $10 for an online criminal background check, it would have liked Tetsuya Motomura to tell them that he faced U.S. charges for Libor-rigging himself. But he didn’t, and Omae went under, so now Omae would like S$3.75 million from Motomura for its troubles.
Omae Capital Management Pte is seeking S$3.75 million ($2.7 million) from Motomura, who told the firm about six months after it started operations that he had been charged in the U.S., according to a lawsuit filed in October….
Motomura resigned from Omae Capital after being charged in January 2014 and the firm said it was forced to close as a result of his misrepresentation.
Ex-Rabobank Trader Sued in Singapore Over Libor Rigging Claims [Bloomberg]
