$20 Billion Margin Call Causes Stocks To Collapse
The Young Investors Podcast
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What Happened to Tiger Asia Management?
A bill wang was found to be committing invester fraud, stock manipulation and inside er trading. He ended up getting an s c c finea forty four million dollars, and he closed the fund. After a long time of hiding his activities, he re-emerged with new family wealth. His plan over the past eight years was basically to grow the fund by using huge amounts of debt. The key instruments that he used in doing this were something called a total return swap.
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