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Apollo back under scrutiny over expenses scandal

Summary by Ground News
Mohammed Ali Rashid, a former senior partner at Apollo Global Management, was accused of violating his duties to investors in Apollo private equity funds. Rashid billed the funds hundreds of thousands of dollars in improper personal expenses, such as a trip to the Super Bowl and a friend's bachelor party. Apollo has previously settled charges with the Securities and Exchange Commission that it failed to properly monitor Rashid.

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Financial TimesFinancial Times
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Apollo back under scrutiny over expenses scandal

Appeals court says group’s practices troubling enough to reverse previous decision over former senior partner

·London, United Kingdom
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Financial Times broke the news in London, United Kingdom on Wednesday, March 27, 2024.
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