Olympia allegedly offered financing to Donovan that did not exist and that would have left Donovan vulnerable, according to the civil suit. Neither Olympias founder, Oskar Lewnowski, a former executive with Drexel Burnham Lambert, or his attorney returned calls from Reuters seeking comment. Lewnowski was also named in the suit.
Olympia is the seventh-largest fund administrator in the world, according to
Meanwhile the New York attorney general has subpoenaed at least 11 other hedge funds, Dow Jones reports. And a hedge fund manager who used to work for Canary, Andrew Goodwin, founder of a number of fund companies, including Goodwin Trading, is reportedly cooperating with the attorney general.
