Monday, 30 March 2015
Last updated 5 hours ago
Mar 1 2010 | 2:55am ET
Hedge fund fraudster Alberto Vilar used to make $455 every three hours or so. But the recently-jailed scammer says he can’t now muster that sum to appeal his conviction.
Vilar, who was sentenced last month to nine years in prison for ripping investors in his Amerindo Investment Advisors off to the tune of $40 million, told the U.S. Second Circuit Court of Appeals that he can’t afford the $455 filing fee. He’s asking that it be waved so he can fight his fraud conviction, which came last year.
“I owe the IRS $26 million and other creditors a total of $1,840,000,” he wrote. With his $3 million British pension trust frozen and likely to be seized, he’s living on just $20,000 a year from Social Security, he said.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…