Jefferies之后贝莱德也遭殃？被爆卷入借贷方“惊天”欺诈案

Core Insights - BlackRock's private credit division, HPS Investment Partners, is embroiled in a significant fraud case involving the alleged forgery of accounts receivable as loan collateral, with claims exceeding $500 million against Bankim Brahmbhatt, owner of Broadband Telecom and Bridgevoice [1][2][3] Group 1: Fraud Allegations - HPS Investment Partners has accused Bankim Brahmbhatt of systemic fraud, claiming that all customer emails used to verify invoices were forged, and that false customer contracts date back to 2018 [3][6] - The investigation revealed that emails purportedly from Carriox's clients were sent from fake domains, raising red flags about the legitimacy of the transactions [2][3] - Brahmbhatt's companies have filed for bankruptcy, and he has also filed for personal bankruptcy, indicating severe financial distress [4][6] Group 2: Market Impact - The incident has heightened concerns about the risks associated with asset-backed financing, particularly in the private credit market, which has seen significant growth but also recent failures [5][6] - The recent collapses of First Brands and Tricolor have led to increased scrutiny of risk management practices within the private credit sector, with Wall Street fearing these events may signal deeper issues in the U.S. credit market [1][6] - BlackRock's HPS manages $179 billion in assets, and while this incident is a small part of their portfolio, it has raised alarms about due diligence and risk controls in the broader $2 trillion private credit industry [6]