October 25, 2017 BY LeapRate Staff
Apollo Management former senior partner Mohammed Ali Rashid charged with secretly billing clients for personal expenses
The U.S. Securities and Exchange Commission has announced charges against Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., for defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures. Mr. Rashid is charged with using client funds for family vacations, visits to a hair salon, and purchases of…
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