Saturday, 28 March 2015
Last updated 19 hours ago
Jan 21 2008 | 8:30am ET
Ayferafet Yalincak, who helped her son scam the Greenwich, Conn., elite out of millions in a phony hedge fund scheme, has been ordered to be deported to her native Turkey.
Yalincak, who was sentenced to two years in prison for her role in the scam, received the order at a hearing on Wednesday in Hartford, Conn., the U.S. Justice Department’s immigration review office said. She has 30 days to appeal.
Yalincak was released from prison in November after being credited with serving more than 14 months prior to sentencing. She had been in the custody of U.S. immigration officials since.
She pleaded guilty in 2006 to conspiracy to commit wire fraud. She and her son, Hakan, then a student at New York University, convinced investors to pour millions into a non-existent hedge fund, with Hakan posing as a wealthy Turkish heir to gain entrée to Greenwich’s monied circles. He is currently serving a 3½-year sentence, and faces deportation when he is released in September.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…