Zwirn Execs Out After Bookkeeping Flap

Feb 7 2007 | 11:22am ET

A pair of D.B. Zwirn executives are out of a job as the New York hedge fund continues to reel from revelations about a bookkeeping scandal.

The New York Post reports that Harold Khan, chief operating officer, and David Proshan, general counsel, have resigned. Shareholders were notified of the departures in a letter, the tabloid said.

In October, CFO Perry Gruss resigned after the firm found that he had allegedly misallocated expenses to client accounts.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…