New York Post – Hedge fund guru Lawrence Goldfarb – the man behind a $30 million plan to revive Murder Inc. mogul Irv “Gotti” Lorenzo’s record label – has a past nearly as scandal-prone as hisnew hip-hop counterpart.
Goldfarb, who runs San Francisco-based firm BayStar Capital, has been accused of, among other things, fleecing $50,000 from a New York stripper, ripping off the Marciano brothers, founders of Guess Inc. and derailing a once-hot Web start-up, Clickradio, according to lawsuits filed against him over the last decade.
The complaints have emerged as part of a bitter battle between Goldfarb and a small venture capital shop called Syncom Corp., which accuses him of conspiring with other investors to run Clickradio into the ground and buy its assets on the cheap.
Goldfarb and other defendants, including high-profile Texas investor Steve Hicks and venture capitalist Jeff Drazan, deny the charges and claim Clickradio had a faulty business plan and died after quickly burning through its cash.
