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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.