Jason Ader, hedge fund boss who was sued by his own mother, declares bankruptcy | NYGazet

Jason Ader -- a one-time Wall Street mogul who used to appear on CNBC and who helped bring down ex-Yahoo CEO Marissa Mayer -- threw his fund 26 Capital Acquisition Corp into Chapter 11 in July after a botched $2.5 billion takeover of the biggest casino in the Philippines, according to court papers.

A free-spending hedge fund boss who has been sued by his own mother over unpaid bills has thrown one of his investment funds into bankruptcy — even as he faces a past-due American Express tab worth $370,000, The Post has learned. Jason Ader — a one-t... [5834 chars]