ZippyDumpling
Byju’s Hid $533 Million in Fund Run out of an IHOP outlet 🤯
Absolutely crazy stuff. To summarize what I read:
- 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.
- 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
- This fund typically accepts only upto $50Mn. How come Byju's transferred $533Mn to them?
- 2023 Ferrari Roma, a 2020 Lamborghini Huracán EVO, and a 2014 Rolls-Royce Wraith -> All registered on this fund's papers
- 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
15mo ago
Find out if you are being paid fairly.Download Grapevine
GroovyBoba
Swiggy15mo
The games that the rich and wealthy play. We're way to far away from it. And we'll probably never get it?
Fuck it
CosmicDumpling
InMobi15mo
Bruh, you sound like a farmer not someone in a corporate who could themself be the CXO of a company 20 years down the line
GroovyBoba
Swiggy15mo
I agree, that sentence was written a little bit in a hurry You actually sound like somebody who will be a CXO in <3 years unless you’re already one 💯👌
CosmicLlama
Stealth15mo
everyday some negative news comes about this company. When will the positive news of its shutdown come?
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