Byju’s Hid $533 Million in Fund Run out of an IHOP outlet 🤯

Absolutely crazy stuff. To summarize what I read:

1. Byju's apparently transferred $533Mn to Camshaft Capital - a random hedge fund in Miami that was started by a 23 year old, with barely any investing experience.
2. This hedge fund is run out of a building that has an iHOP (yes the food chain). When asked about the whereabouts, nobody even recognizes if the fund actually exists there
3. This fund typically accepts only upto $50Mn. How come Byju's transferred $533Mn to them?
4. 2023 Ferrari Roma, a 2020 Lamborghini Huracán EVO, and a 2014 Rolls-Royce Wraith -> All registered on this fund's papers
5. Now, Byju's lenders have filed a case against Camshaft in the US.

Link to original article: https://www.bloomberg.com/news/articles/2023-09-12/byju-s-hid-533-million-in-hedge-fund-camshaft-run-from-miami-ihop-lenders-say#xj4y7vzkg