BlackRock duped into loaning $430M to telecom entrepreneur who allegedly faked invoices. How to avoid a similar scam

BlackRock, the world's largest asset manager (1), recently shared it lent more than $430 million through its private credit arm, HPS Investment Partners, to a group of companies now under investigation for fraud. It lent the money based on collateral that may not have ever existed — invoices that allegedly showed the group of borrowers were owed millions in receivables by major telecom groups. Must Read The Department of Justice has since launched an investigation into these invoices and entities tied ...