By Alexander GladstoneMedallion Financial has been grappling to stay afloat as its business empire gets dragged deeper into financial distress. After the value of the taxi medallions that comprise a substantial portion of the company’s portfolio spiraled downward last year, triggering defaults within its corporate family, Medallion entered into an eyebrow-raising working relationship with a fashion model turned investor relations professional, three sources recently told Debtwire. A woman named Sarah Rabby Frigo updated her LinkedIn profile in early 2016 to announce that she had been appointed head of investor relations at Medallion. Her profile also indicated that she was simultaneously working as a freelance contributor to The Huffington Post, and that her prior experience comprised eight years of work as a fashion model, the sources said. The stock is at $2.19 today, a 70% decline from the date the article was published.

Source: Forbes February 06, 2017 20:03 UTC