From $400m to . . .

Discussion in 'Wall St. News' started by billyjoerob, Dec 9, 2012.

  1. Those of you who can remember back into the nineties might be familiar with Abe Gosman. He controlled a number of public companies, including Meditrust, Phymatrix, and Carematrix. In the 90s he divorced his wife, remarried, and declared bankruptcy. He loaded up his companies with debt and expected to pay off the debt with inflated stock based on fraudulent accounting, but it didn't work out as planned.

    Now at 80 he's returned to the workforce.

    The tale of how he got there here. There's a femme fatale, lizard shoes and a yatch called the Octopussy. It's quite a story.
  2. "Mr. Gosman's achievements are, for the most part, a matter of public record."

    Nicely understated.