UDF Shares Tumble As FBI Raid Underway – ValueWalk Premium
UDF

UDF Shares Tumble As FBI Raid Underway

As FBI agents were raiding the offices of Texas-based United Development Funding (UDF), packing up a rental truck full of documents from the office in a potential Ponzi scheme investigation, J. Kyle Bass must feel a degree of satisfaction. As first reported in ValueWalk, Bass shorted the stock through his hedge fund, Hayman Capital Management, on suspicions of nefarious behavior at the firm and later, using the . . .

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