Thursday, 26 March 2015
Last updated 33 min ago
Mar 19 2007 | 10:35am ET
Ayferafet Yalincak, the mother (and co-conspirator) of the New York University student who ran a multi-million dollar hedge fund scam, faces the music today in a New Haven, Conn., federal courtroom, where she’ll be sentenced for her role in the con.
Yalincak pleaded guilty last year to conspiracy to commit wire fraud, and faces about four years in prison. Her son, the now-22-year-old Hakan, will be sentenced later this month, and he could be going to the clink for more than five years.
Following their release from prison, both Yalincaks face another ordeal: possible deportation to Turkey, where Ayferafet’s scheme to ingratiate herself among Greenwich, Conn.’s heavy-hitters is unlikely to be as successful: Prosecutors say she passed herself off as the matriarch of a rich Turkish family.
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…