Date: October 8th, 2015 8:50 AM
Author: slim_shady_man
http://www.wsj.com/articles/harvard-goldman-sachs-venture-capitalfugitive-1444261176
A boyish 43 years old, Iftikar Ahmed ticked every box of the
immigrant success story, going from Harvard Business School to Goldman
Sachs Group Inc. and then landing as a partner at one of the oldest
venture-capital firms in the country. He and his wife owned a mansion in
Greenwich, Conn., and two apartments on Park Avenue in Manhattan, and
gave large sums to local and Indian charities.
Yet before Mr. Ahmed fled the U.S. in May, he allegedly stole
$65 million through a series of frauds that prosecutors and regulators
said became increasingly brazen over the years and that exploited the
trust-based culture of the venture-capital firm, Oak Investment
Partners. Regulators said Mr. Ahmed began to commit fraud within months
of joining Oak in 2004.
Iftikar Ahmed’s former colleagues at Norwalk, Conn.-based Oak found
that he used doctored deal documents, phony exchange rates and fake
invoices to siphon off millions of dollars into secret bank accounts,
according to prosecutors and regulators. Oak made the discoveries only
after Mr. Ahmed was arrested on insider-trading charges unrelated to his
work at the firm.
(http://www.autoadmit.com/thread.php?thread_id=3011646&forum_id=2#28924689)
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