NYU Scammer Cites Stroke In Bid For Prison Delay

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.

RELATED STORIES:

Younger Yalincak Gets 3½ Years For ‘Significant Errors’
Hedge Fund Fraudster’s Mom Gets Two Years In The Clink


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note