$95 Million Investment Scam Hits Environmental Charity

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According to recent articles from Business Insider magazine and the New York Post even highly sophisticated investors are not immune to potential investment fraud against their non-profits. The Moore Charitable Foundation, an environmental charity established to protect land, water, and wildlife was the recent victim of an alleged investment fraud. The Foundation founded by hedge fund billionaire Louis Bacon, put approximately $25 million of its endowed funds toward the fraudulent investment. Along with being a well-known environmentalist, Bacon is known to be one of the most successful hedge fund managers out there and doubtless represents one of the most …read more

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