Skip to content
Subscriber Only

Apollo Draws Fury From Small-Time Investors Who Lost Everything

  • CEVA managers say they were wiped out by financial maneuver
  • They say Apollo benefited from buying CEVA debt at discounts
nyse bench social
Photographer: Michael Nagle/Bloomberg

The opportunity was tantalizing: invest alongside the mighty Apollo Global Management LLC.

But what looked like a sure thing turned out to be a big loser -- and accusations are flying.