How everyone missed the obvious on Eddy Groves

Brisbanetimes, 17 Nov 2008, Ian Verrender

"The scandal of the rise of and fall of Eddy Groves is how anyone was seduced into his fantasy tale in the first place.

Australia's biggest banks believed him. They are owed $1.1 billion between them. Even more amazing, the Singapore Government's investment arm Temasek tipped in a lazy $400 million.

Despite sophisticated investment models and analytical tools employed by our big banks and investment houses, it shows a sucker is born every minute."

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