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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...