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Levitas Capital closing after fake Zoom invite sinks $16m super fund investment – NEWS.com.au
Levitas Capital closing after fake Zoom invite sinks $16m super fund investment
A fake Zoom invite has forced a Sydney hedge fund to close up shop.The Australian Financial Review reported on Monday that Levitas Capital’s largest institutional client, Australian Catholic Super, had pulled a planned $16m investment following the September incident and the fund would be closing down.
Cybersecurity investigators hired by the capital fund have since determined a fake Zoom invite was opened by either Michael Brookes or Michael Fagan, who co-founded the business.
The fraudulent invite…
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