(Bloomberg) The hedge fund firm founded by billionaire Daniel Och has finally put one of the industry’s biggest scandals behind it — quietly. Seizing on a business-friendly shift at the Securities and Exchange Commission during the Trump administration, Och-Ziff Capital Management Group Inc. has persuaded the regulator to lift a punitive sanction that was imposed on the firm in the wake of a multiyear investigation into bribery in Africa.
How Trump’s Washington Helped a Hedge Fund Titan Move On From an African Bribery Scandal
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