(Bloomberg) — Greg Karpovsky, the founder of Stenn Technologies who was once feted by some of the biggest players on Wall Street, had suddenly gone quiet.
Karpovsky, 45, said little on a Dec. 4 call with his 250-odd staff as they learned that his trade-finance business — valued at almost $1 billion just two years ago — had collapsed. He dialled in remotely, having left the UK just before Stenn’s British subsidiaries went into insolvency, people familiar with the matter said. On a call a week later, when most employees were made redundant, he didn’t appear at all.
Stenn’s collapse was shocking in its speed, snuffing out almost a decade of work by Karpovsky to create what he portrayed as an ambitious company using technology to…
