Dominique Strauss-Kahn, the former International Monetary Fund boss caught up in a string of scandals, has just seen his one-year old investment banking firm go down the drain, reports UK Business Insider
Last week, Strauss-Kahn’s business partner Thierry Leyne fell from a building to his death in Israel in an apparent suicide. Today, The Wall Street Journal reports that Leyne Strauss-Kahn & Partners (LSK Partners) has declared itself insolvent.
From The Journal:
The Luxembourg-based firm said in a short statement written in French that after the “tragic death” of Mr. Leyne, the board had discovered “additional commitments within the group of which it was unaware and which aggravate the delicate financial situation.” It added: “Consequently it [the board] has decided to declare insolvency.”
The website of LSK Partners now appears to have no detail, with a simple holding page.
Last week the firm was embroiled in another battle with Switzerland’s Insch Capital Management, a hedge fund that accused LSK of taking money from its account to purchase equity in another firm, which LSK owned.
Strauss-Kahn’s firm was set up barely more than a year ago.
Latest posts by Carol Adl (see all)
- George Soros Has Significant Ties To Women’s March On Washington - January 21, 2017
- Women’s March: 500,000 March In Washington To Protest Trump Presidency - January 21, 2017
- India To Deploy Hundreds Of Battle Tanks On Border With Pakistan - January 21, 2017