Tuesday, 16 September 2014
Last updated 43 min ago
May 1 2007 | 1:50pm ET
Hakan Yalincak, the former New York University student whose primary extracurricular activity was running a hedge fund scam, says he needs more time before going to prison for a three-and-a-half year term. Why? Well, he says he may have suffered a stroke.
Yalincak asked a federal judge in New Haven, Conn., to grant him 30 more days before he reports to prison, currently scheduled for next week, according to the Associated Press. Apparently, an extra month should cure all that ails the 22-year-old, including droopy eye and the possible stroke.
In addition to prison time, Yalincak was ordered to pay more than $4 million in restitution last month.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?