Whistleblower Complaint of Plainfield Hedge Fund

– New York Post Aug 17, 2010

Max Holmes has another headache. The embattled hedge fund titan, whose mastery of distressed assets helped him build his Plainfield Asset Management into a $5 billion fund at its peak, intentionally overvalued his firm’s assets so he can pocket fraudulently inflated management fees, according to a whistleblower complaint lodged with the Securities and Exchange Commission this month.
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