$208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth [CNBC]
Goldman Sachs Group, Inc. (The) (GS)
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Source: CNBC
The letters, obtained and verified by CNBC, account for about $41 million in new losses. They come on the heels of $89 million in marine loan wipeouts disclosed in September and $78 million in losses previously reported by CNBC. Willow Wealth also removed a decade of historical performance data from public view in recent weeks. The high-stakes rebranding is the latest chapter for a company that sought to empower retail investors, but instead left some of them saddled with losses and years of uncertainty. Source: Willow Wealth As Yieldstreet tries to distance itself from a rocky past with a new name and ad campaign , its customers are dealing with a present reality that is increasingly dire. The private markets investing startup, freshly rebranded as Willow Wealth, last week informed customers of new defaults on real estate projects in Houston, Texas, and Nashville, Tennessee, CNBC has learned. The letters, obtained and verified by CNBC, account for about $41 million in ne
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