Ex-Apollo Partner Gets $240,000 Fine For Fraudulent Expenses

A former Apollo Management LP partner must pay $240,000 in civil penalties for falsely reporting as business expenses the costs of personal flights, meals, and social events and for receiving reimbursement from the investment funds he advised, a federal judge in Manhattan ruled.

Mohammed Ali Rashid used his company credit card to pay for a bachelor party trip to Montreal and to attend a wedding in Miami in 2011, Judge P. Kevin Castel of the U.S. District Court for the Southern District of New York found.

He also expensed a ticket to the 2013 NCAA Basketball Tournament and a ...