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How a smooth talker in HK convinced bankers to invest US$32m, then vanished

Many of the investors in Global Merchant Funding were drawn from prominent international lenders

Abu Dhabi

INSIDE Hong Kong's posh American Club, few worked a room quite like Avery Stone. Over steak dinners and cigars, Mr Stone charmed a Who's Who of financiers into investing millions in his fledgling business. Then, earlier this year, everything unravelled - and he vanished.