Thursday, 24 July 2014
Last updated 53 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…