The New York Post: Hedgie Plundered Own Fund To Avoid Giving $90M Bonus To Employees: Suit
BY CARLTON ENGLISH | The New York Post
A vengeful hedge fund manager looted his own fund to avoid paying two former employees their bonuses, according to new bombshell complaint.
Paul Touradji has been moving hundreds of millions of dollars out of his eponymous fund to keep it out of the hands of two former staffers who have been after him for $46 million in back pay, according to a complaint filed in New York State Court earlier this month.
The two stiffed employees, Gentry Beach and Robert Vollero, got their day in court in May — and were awarded $91 million, or $46 million plus interest, after a two-week trial.