Judge Orders Arrest of Byju’s Hedge Fund Ally Over Missing Cash

A federal judge ordered the arrest of the founder of a small Florida hedge fund for refusing to reveal where Indian tech firm Think & Learn Pvt allegedly hid $533 million that lenders are trying to recover.

Under an order from US Bankruptcy Judge John Dorsey, William C. Morton will be locked up for contempt of court if he can be located by US Marshals. At a hearing in federal court Thursday morning, Dorsey said Morton must pay $10,000 a day until he provides details about the money, which was briefly placed with the hedge fund, Camshaft Capital Fund. ...