Popular business profiles always have a risk. Why? Because business is all about trust. If clients are getting a bad impression about your business, naturally, your values will decrease. So, for a businessman, it is very important to keep the reputation up. Now, this case has quite similarities with Mr. Brain’s case.
Mr. Braun is a popular businessman. He has lots of sources of income. One of his valuable works is, launching new faces to the Hollywood industry. Apart from this, he has lots of investment finding managements and merchant banks.
How Braun’s Reputation is In Risk?
Mr. Braun has a dream. Every businessman wants to give rapid growth to their respective businesses. But how much you are implementing, that’s important. Mr. Braun is the owner of Ithaca. He is progressing at a very rapid speed. Like every businessman, he wants to make more than $250 million in a year.
The fact is, this ambition turned him down somehow. As he was very determined to make this happen, he recruited Mr. Peter Comisar . David Bono is the manager of Braun. He recommended the name of Peter Comisar to Braun, to fulfil his dream.
Mr. Peter is the vice-chairman of Guggenheim Securities. He is a professional investment and financial advisor. His valuable knowledge had helped Millions to fulfil their dreams. Braun gave him the task to help him to get a high number of investors for his Scope Capital Management. In 2016, it was the prime reason for his recruitment. But he failed.
Now, in the current year, as the Scope Capital Management is getting high generative values along with high share prices, Peter is taking all the credits ( according to Braun’s statement). The Los Angeles police station received a complaint against Braun. Braun took an arbitration and set himself free.
Will This Incident Put Any Effect on Braun’s Business?
In Peter’s statement, it was mentioned that Scooter Braun has done more than $200 million fraud to restore his account. The truth behind the story hasn’t been revealed yet. So, no one can say for sure. But one red mark on his face will create difficulties in the future.
As Braun is connected to both the Hollywood industry and the investment field, his reputation is at risk. If he wants to restore his reputation, he needs to prove himself right. Only then can he live a wealthy life.
It will have a negative impact on his business. He belongs to a business where the face is everything. And also, as he is related to funding, no one will be satisfied to Invest in his services. A wrong mark on a name can give so many consequences.
Another effect will be his share price. Currently, his share price has a $1.05 billion value. It will be decreased if he doesn’t take a proper step soon. Share market is too frequent.
We hope we made our point clear to you. The opinion given here is very personal. As no confirmation from the investigation team has been received, we can’t draw any conclusion. But the effect will be there for sure.