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Prosecutors Probe Hedge Fund Titan's Thriller For Clues in Argentina Hack Case
Jay Newman, who made billions for Elliott Management pursuing Argentina's defaulted debt, wrote a 2022 thriller about corrupt spies and hedge funds. Now federal prosecutors are examining parallels between his novel "Undermoney" and real-world events. The investigation centers on Amit Forlit, an I...
Jay Newman, who made billions for Elliott Management pursuing Argentina's defaulted debt, wrote a 2022 thriller about corrupt spies and hedge funds. The probe is examining $20 million paid to a Forlit-controlled company via a consulting firm that worked for Elliott, according to court statements and people familiar with the matter. Newman, who left Elliott in 2016 with a $70 million bonus after the Argentina settlement, met regularly with Forlit to discuss the Argentine case, WSJ has reported.
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