According to the report, Kahn has been a “longstanding client” of B. Riley, and the bank had helped him lead a “management buyout of Franchise Group, or FRG, a retail company based in Delaware, Ohio.” Additionally, Nomura, a major Japanese financial group, had “led a $600 million lending syndicate for B. Riley to help finance Kahn’s takeover,” the report said, citing loan documents.
Source: https://www.coindesk.com/policy/2024/01/22/crypto-backers-b-riley-and-nomura-entangled-in-sec-probe-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines