Apollo partner charged

Apollo partner charged

PE industry investigations are well down under Trump’s more relaxed SEC. Recent charges against an Apollo partner for defrauding clients were much more common under the old regime.

On October 25 the SEC charged Mohammed Ali Rashid, a former senior partner at Apollo Management LP, with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures.

To read more on this story see the November issue of The NED.

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