Advisers Owe $7.2M For Faking Out Lender To Joplin Biopic
By Jon Hill ( December 11, 2017, 9:18 PM EST) -- An investment banking and advisory firm and its two managing members are on the hook for more than $7.2 million in damages after a Massachusetts federal judge found Friday that they had duped a lender into believing they could guarantee its loan to finance a now-abandoned Janis Joplin biopic and then lied about having themselves been tricked....
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