Why Och-Ziff Capital Management (OZM) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of hedge fund Och-Ziff Capital Management Group LLC  (OZM) are down -10.98% to $11.51 after it was reported that the firm helped finance controversial African oil and mining deals, a trail of corporate documents shows, and now faces scrutiny from U.S. authorities, according to the Wall Street Journal.

Och-Ziff disclosed in a March filing that the SEC and Justice Department are investigating investments by some of its funds "in a number of companies in Africa" under the Foreign Corrupt Practices Act and related laws.

Och-Ziff made two loans totaling $234 million to companies controlled by Israeli mining magnate Dan Gertler, documents reviewed by thet Journal show.

Both loans were routed through offshore companies, the documents show.

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