Patriarch's Tilton vows to fight CLO fraud allegations

Tuesday, March 31, 2015

The SEC yesterday filed charges against Lynn Tilton and the company she founded, Patriarch Partners, for defrauding investors in three of its CLOs. Later in the day, Tilton responded by saying she is ready for a battle of “good versus evil.”

Comment by: Anonymous. Posted 9 years ago [2015-04-01 00:12:27]

How did rating agencies and MBIA get so comfortable with all the related party risk in these deals? Combined with the opacity of the borrowers, it was a moral hazard nightmare.

CLOs

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