Mar 14, 06:15 PM

24-Year-Old Hedge Fund Founder Faces Arrest, $10k Daily Fines Over Byju's $533M Dispute

William Cameron Morton, the 24-year-old hedge-fund founder implicated in a $1.2 billion dispute between Indian ed-tech company Byju's and its lenders, has chosen to remain outside the U.S., defying a court order. This decision comes amid allegations of Morton's involvement in the misappropriation of $533 million from Byju's. A U.S. bankruptcy judge has not only ordered Morton's arrest but also imposed a $10,000 daily fine until he discloses the whereabouts of the missing funds. The U.S. Marshals have been tasked with locating Morton, who faces serious accusations of fraud.

#William Cameron Morton #Indian #Byju #Morton

Written with ChatGPT (GPT-4).