When Kyle Bass of Hayman Capital first uncovered the United Development Funding "scheme," he almost found it hard to believe. From his perspective as a hedge fund manager, familiar with the nuance inside how sophisticated investments operate, he and his lead researcher, Parker Lewis, who had been working on uncovering the alleged fraud for more than two years, found a treasure trove of what appeared like white-collar crime. Suspicious loans were extended to related parties, the participants in an alleged fraud were purchasing private jets together all

SORRY!

This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com and we will get back to you as quick as humanly possible