The worst mistake any would-be manager could make is to lie about their college degree in an attempt to create a credible story to attract money from investors, according to the sleuths at Backtrack Reports in New York. Yet, this is exactly what Scott Sacane, the head of troubled Biotech fund Durus, did.
Backtrack had been asked by an investor to look into the past of Sacane, who was then a high-flying manager. They discovered that he claimed on his resumé to have a degree from the University of Colorado. But, when the New York team of investigators checked