> Harvard Business School... used Rothenberg Ventures as a case study for students after Rothenberg graduated from the program... that case study — funded by HBS before any hint of trouble at the firm had surfaced — was co-authored by two professors who had a “significant financial interest in Rothenberg Ventures,” as stated prominently in a curriculum footnote.<p>More like a case study on how the top levels of academia are susceptible to blatant corruption from industry.
How could anybody working not realize it was embezzling money? It’s not possible to run a 70 man team on 60m of capital, even with 2 and 20.<p>One of my friends is a partner at a hedge fund that manages 100m and has three partners, no employees, and money is super tight, they barely can make ends meet every month.<p>It’s inconcievable that anyone would ever think the fund was legit, regardless if they found the accounting fraud or not.