Max Harlow

@maxharlow.bsky.social

Data reporter @bloomberg.com. Previously @financialtimes.com. I also run @journocoders.bsky.social. Views are my own. mharlow4@bloomberg.net

Q: How much do you need to spend on mattresses for it to get mentioned in a DOJ press release about your $11 million crypto theft? A: $638,000, which I did not realize was a plausible mattress budget

Even after losing most of the $11 million, RINSCH still did not spend the remaining funds he had stolen on White Horse.  Instead, he used the money to speculate on cryptocurrency, and on personal expenses and luxury items, including at least $1.7 million on credit card bills; at least $3.3 million on furniture, antiques, and mattresses; at least $387,000 on a Swiss watch; and at least $2.4 million on five Rolls Royces and a red Ferrari.furniture and antiques, including approximately $638,000 to purchase two mattresses and approximately $295,000 on luxury bedding and linens; (v) approximately $2,417,000 to purchase

Barclays says will recover +50% of £500m loan to MFS. Yet officials winding down the collapsed mortgage firm are far from certain on how much -- if anything -- can be recouped, citing allegations of widespread wrongdoing and limited access to information. Via @bloomberg.com. shorturl.at/1HffD

Barclays Eyes Over 50% Recovery on MFS as Asset Hunt Uncertain

Barclays Plc hopes to get back much of the £500 million ($674 million) it lent to Market Financial Solutions Ltd. even as insolvency officials overseeing the now-collapsed mortgage lender remain uncer...

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Four court hearings, probably £1m+ of fees, all to work out if large marshmallows are a "sweetened prepared food which is normally eaten with the fingers", and therefore subject to VAT. Spoiler: they are not. Because "A > B and C > D, (A + C) > (B + D)"

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60 Ennismore Gardens, a Knightsbridge townhouse that once counted Ava Gardner as a neighbor, is at the heart of the meltdown at UK lender MFS. Owned on paper by individual with close ties to MFS owner, it secured 2 Wall St-backed mortgages on the same day. shorturl.at/hvadP

Tangled Web of Loans Brought Down a British Property Empire

The collapse of Paresh Raja's property empire has left lenders facing up to $1.7 billion of losses and questions about their due diligence.

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OK this is nuts. A vulnerability in the Companies House website that let *anyone* with an account view ***ANY COMPANY'S DASHBOARD***, see all personal info and - I think - modify company records.

Indian rapper Badshah. Dancers performing inside a glass dome. A vast collection of sporting and music memorabilia that has since disappeared. Behind the scenes at MFS, the UK lender backed by £2b+ of Wall Street loans that collapsed last week. Story via @bloomberg.com shorturl.at/VKdK6

MFS CEO Spent on Artwork, Parties, Indian Rapper Before Collapse

The walls of Market Financial Solutions Ltd.’s London offices were a shrine to the passions of founder Paresh Raja.

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Simon Goldberg denied to me he’s running a huge tax fraud. He says he's an expert. Says he “studied under Winston Shrout” Shrout was convicted of tax fraud, got 10 years, fled, & was captured by US marshals

I just did the dumbest thing of my entire career to prove a much more serious point. I tricked ChatGPT and Google, and made them tell other users I’m a competitive hot-dog-eating world champion People are using this trick on a massive scale to make AI tell you lies. I’ll explain how I did it

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