Mark Malik was arrested earlier this week for scamming investors into believing he has a top performing hedge fund with assets over $100m.  You can read the WSJ article here.

The interesting thing in this case was the reliance on sources that are known to be unreliable.  Twitter, google, LinkedIn, business directories, ranking lists, and databases are often not reliable because they may derive some information from the subject’s own claims. The best way to verify anything is by checking with the most original source possible.

Peter Barakett, President

DDC – Due Diligence Consulting LLC

DDC Investigations LLC