Monday, 30 November 2015
Last updated 2 days ago
Jul 2 2007 | 9:10am ET
Lest anyone thought that the Bayou Group defrauded only its clients, a former investment adviser for the defunct hedge fund has admitted to swindling the federal government.
Burt Kozloff pleaded guilty to income tax evasion last week in White Plains, N.Y., federal court.
Between 1997 and 2000, Kozloff acknowledged earning some $3.5 million for his work at investment advisory Select Advisors—years during which he failed to file timely returns. He also admitted to misleading his accountant into filing false information with the Internal Revenue Service and lying to the IRS about payments he claimed to have made.
Kozloff will be sentenced on Oct. 1. He faces up to five years in prison and a $250,000 fine.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…