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
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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.
Left behind are the questions, including the big one: how did Mr Stone and his partners at Global Merchant Funding Ltd (GMF) apparently dupe Hong Kong's princes of finance into believing their business was on solid footing?
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