(The Business Insider) A fleet of Evgeny “Gene” Freidman’s foreclosed taxi medallions sold on Monday in a closed-door auction taking place in a Queens, New York hotel….The individual bidders behind buyer MGPE Inc. are not identified in court filings but are part of a hedge fund and are expected to lease the medallions out to fleet operators, according to Crain’s and verified with an industry source…..
A Mysterious Hedge Fund Just Scooped Up the Foreclosed Medallions From New York City’s ‘Taxi King’
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