Och-Ziff Spread Lehman Rumors?

August 12th, 2010
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A Manhattan bankruptcy court is alleging that Och-Ziff Capital Management spread misleading rumors about Lehman Brothers in the months leading up its bankruptcy. According to The Wall Street Journal, the hedge fund “likely disseminated and/or was the recipient” of a false story about Lehman Brothers’ debt levels. The filing stated that the specific nature of the rumor was that Lehman had unloaded debt to some of its hedge funds to appear properly leveraged. It is speculated that certain entities performed similar actions to make a profit from shorting the wobbly investment bank.
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For Detailed Investor Profiles on these Investors, click below:
Och-Ziff Capital Management
Related People: Daniel Och; David Windreich; Harold Kelly; Michael Cohen; Zoltan Varga
Related Entities: Och-Ziff Capital Structure Arbitrage; OZ Credit Opportunities; OZ Master Fund; Ziff Brothers
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News

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