Friday, 24 April 2015
Last updated 3 hours ago
Jul 11 2013 | 11:46am ET
A New York hedge fund manager has pleaded guilty to running a $2.9 million Ponzi scheme.
Jason Konior faces up to 20 years in prison on the wire fraud count. He is to be sentenced Nov. 8 in Manhattan federal court.
Konior was charged with ripping off investors to pay his own expenses and to cover redemption requests from earlier investors. He also allegedly lied to clients of his Absolute Fund Advisors and Absolute Fund Management, promising to match their investments nine times over.
Konior, who was arrested in February, still faces a Securities and Exchange Commission lawsuit, filed last year.
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…