A Yale Graduate Leaves a Trail of Ventures and Debts - NYTimes.com

A Yale Graduate Leaves a Trail of Ventures and Debts - NYTimes.com

Several investors, some of whom declined to speak on the record because
of continuing litigation, said they had been reassured by Mr. Newman’s
background and by favorable media coverage, including several articles
in The New York Times. Due diligence can be an afterthought for
investors in start-ups and independent movies, businesses in which
failure is not uncommon. And indeed few said they had looked into Mr.
Newman’s past by checking court records or lien filings before investing
in his projects...............