Convicted Ex-NIR Analyst Launches Environmental Finance Advisory

Jul 21 2010 | 11:22am ET

Just weeks after pleading guilty to securities fraud charges, former NIR Group analyst Daryl Dworkin is back in business.

Dworkin has founded an environmental finance consulting boutique, DFD Capital, according to the PIPEs Report. The six-month old firm aims to provide “growth capital for emerging fund managers, with a focus on global environmental markets,” the convicted felon said. “In addition, DFD Capital assists and executes financial strategies, mergers and acquisitions, restructurings and the raising of debt and equity financings.”

Dworkin is also publishing a weekly environmental finance newsletter, ProSeed.

Dworkin pleaded guilty earlier this month to taking kickbacks and defrauding NIR’s investors about the firm’s private investments in public equities funds. His conviction is just one of a number of legal headaches for the scandal-plagued Long Island hedge fund, which is also the subject of a federal fraud and kickbacks probe and which has been sued twice in the past two years by investors who accuse it of making up its returns.

DFD is already working with an Asia-focused hedge fund, Dworkin said, although he would not tell PIPEs Report which hedge fund. Still, the firm has yet to make any money, Dworkin said.

It may not have much time to do so, either: Dworkin faces up to 30 years in prison when he sentenced on the fraud charges.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...