This was a fascinating interview that I heard this morning while driving and I wanted to share it with you. It involves David Ganek, former CEO of Level Global — a once very large hedge fund who was shut down after its reputation was impugned by an FBI raid.
Here’s the background behind the story, circa 2011.
Essentially, Ganek shut his firm down after the FBI raid caused redemptions. I’ve grabbed part of the interview, which discussed the government’s methods to paint their targets as guilty before cases go to court — which includes using the press to sway public opinion.
In other words, when the press is filming a live FBI raid on a business, they know it will have a profound effect on how that business is viewed in the public eye. It’s fucked up and Ganek is a hero for doing something about it.If you enjoy the content at iBankCoin, please follow us on Twitter