Skip to content

‘You Can’t Make This Up,’ Chamath Palihapitiya Says As $20 Billion Edtech Startup Byju’s Sued For Hiding $533 … – Yahoo Finance

  • by
  • India
‘You Can’t Make This Up,’ Chamath Palihapitiya Says As $20 Billion Edtech Startup Byju’s Sued For Hiding $533 … – Yahoo Finance

 

S&P 5004,769.83-13.52(-0.28%) Dow 3037,689.54-20.56(-0.05%) Nasdaq15,011.35-83.78(-0.56%) Russell 20002,027.07-31.26(-1.52%) Crude Oil71.33-0.44(-0.61%) Gold2,071.80-11.70(-0.56%) Silver24.02-0.35(-1.42%) EUR/USD1.1040-0.0027(-0.24%) 10-Yr Bond3.8660+0.0160(+0.42%) GBP/USD1.2733+0.0005(+0.04%) USD/JPY140.9980-0.3820(-0.27%) Bitcoin USD42,422.61+307.95(+0.73%) CMC Crypto 200885.540.00(0.00%) FTSE 1007,733.24+10.50(+0.14%) Nikkei 22533,464.17-75.45(-0.22%) In a shocking revelation, Indian edtech giant Byju’s is accused of stashing $533 million in Camshaft Capital Fund, a relatively obscure hedge fund that once listed its primary business address at an IHOP in Miami. Putting the money at IHOP was brought to light by lenders attempting to recover the money.According to the lenders’ lawsuit, Byju’s reportedly transferred over $500 million last year to Camshaft Capital Fund, an investment entity set up by William C. Morton at age 23. Morton’s fund received the money even though he allegedly lacked formal investment… 

​ 

Read More 

Leave a Reply

Your email address will not be published. Required fields are marked *