Matt Levine, Columnist

Guy Who Did Avon Hoax Was Terrible at Hoaxes

He lost money every time, but he did it in style. Sort of.

June 4, 2015 at 4:27 PM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Here is the story of Nedko Nedev, a Bulgarian living in Sofia, as told in Thursday's Securities and Exchange Commission complaint against him.

Chapter 1

Before it’s here, it’s on the Bloomberg Terminal

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