Other People's Money

Beller, Peter C.
April 2007
Forbes Asia;4/23/2007, Vol. 3 Issue 7, p35
The article discusses the allegation that businessman Donald K. McGhan has mismanaged the funds of Southwest Exchange. Stockholders alleged that out of $95 million funds which McGhan took from Southwest and other companies he purchased from 2004 and 2006, only $68 million was used as venture capital for his startup firm MediCor. Bank records show that McGhan spent lavishly on hotels, limousines, restaurants and private jet. Stockholders already filed a state lawsuit in California.


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