The officers of one portfolio company (GDC) were arrested on July 23 and charged with bank fraud. MVC carries this investment at full value. Makes you wonder about their other holdings.
They cooked up accounts receivable. Anybody can do that. This is irrelevant.
I see they wrote the investment down 50% this quarter. They'll be writing off the rest next year.I see a lot of problems developing in their 04-07 vintage loans in the Q.