Monday, 27 April 2015
Last updated 1 min ago
Jul 21 2011 | 11:36am ET
Roman Lyniuk will never be a hedge fund manager again, but he won't pay for his alleged crimes in the strictest sense of the term.
The Securities and Exchange Commission has waived the $5.2 million fine it planned to impose on the Atlantis Capital Management founder. Lyniuk was found to have defrauded investors by providing misleading performance results and by paying himself and his friends while investors waited for their redemptions.
Lyniuk's fine was waived based on statements he made and documents he submitted to the SEC, though it is unclear what that evidence showed.
Lyniuk has been barred from the investment industry.
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…