CEO of biotech in­vestor Her­cules Cap­i­tal aban­dons his post in the midst of a col­lege cheat­ing scan­dal

Her­cules Cap­i­tal $HT­GC is scram­bling to sur­vive the big col­lege cheat­ing scan­dal, re­plac­ing CEO Manuel Hen­riquez af­ter he was fin­gered as a prin­ci­pal play­er in a sto­ry that has been fu­el­ing out­rage and head­lines around the world.

The ven­ture-debt group, which has been a busy play­er in life sci­ences com­pa­nies, says that Hen­riquez has vol­un­tar­i­ly stepped down. He’s be­ing re­placed by Scott Bluestein, the chief in­vest­ment of­fi­cer, who be­comes in­ter­im chief as they search for a per­ma­nent suc­ces­sor.

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