Wednesday, 17 December 2014
Last updated 9 hours 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.