Deals
A Fake $3.6 Trillion Deal Is Easy to Sneak Past the SEC
- Fake reports get crazier and reveal threat to U.S. markets
- Why an unknown artist can say he is richer than Bill Gates
Antonio Lee.
Photographer: Jim Young/BloombergThis article is for subscribers only.
A few hours after the New York market close on Feb. 1, an obscure Chicago artist by the name of Antonio Lee told the world he had become the world’s richest man.
The 32-year-old painter said Google’s parent, Alphabet Inc., had bought his art company in exchange for a chunk of stock that made him wealthier than Microsoft Corp. co-founder Bill Gates, Berkshire Hathaway Inc.’s Warren Buffett and Amazon.com Inc.’s Jeff Bezos -- combined.