#HedgePapers No. 32: Chain of Exploitation: How CarHop Targets Poor Minnesotans To Make A San Francisco Fund Manager Rich
More and more low-income and working class Minnesotans are getting ripped off by CarHop, the high-cost/high-hassle predatory car sales & loan chain operating in low-income and working-class communities across our state. This report links CarHop to a San Francisco private equity manager who claims to be a “values driven” investor with high ethical standards while he makes big profits from shady and even illegal business practices that drive his customers deeper and deeper into poverty. Report presented in partnership with HedgeClippers Minnesota and ISAIAH. August 2016.