A tribute to the art of scaring people–all the way to the bank.

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Business education, especially an MBA, is designed to prepare students for life in the corporate world, notably finance and consulting, correct? Well, not always.

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Oct. 31 (Bloomberg) — First Republic Bank, which Merrill Lynch & Co. bought in September for $1.8 billion, has been snared in the biggest U.S. art market mess since the price- fixing scandal at auction houses in the 1990s.

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