8,000 Hedge Funds?
- Thread starter Nutzo
- Start date
The 8,001th:
Q
NYU student defrauded investors saying he ran a hedge fund - From Hedgefund.net
HedgeFund.net, reports Hakan Yalincak a New York University Student who allegedly deposited $43 million in fraudulent checks, also talked investors into placing $2.8 million in a bogus hedge fund.
The 21-year-old mathematics major, is being sued by two Connecticut investors, Joseph Healey and Arthur Cohen for defrauding them into believing he ran a hedge fund.
Yalincak claimed to have managed the Daedalus Capital Relative Value Fund, which he said had assets in Switzerland and the Cayman Islands. Court documents say Yalincak and a partner actually spent the money on a new Porsche among other things.
UQ
Q
NYU student defrauded investors saying he ran a hedge fund - From Hedgefund.net
HedgeFund.net, reports Hakan Yalincak a New York University Student who allegedly deposited $43 million in fraudulent checks, also talked investors into placing $2.8 million in a bogus hedge fund.
The 21-year-old mathematics major, is being sued by two Connecticut investors, Joseph Healey and Arthur Cohen for defrauding them into believing he ran a hedge fund.
Yalincak claimed to have managed the Daedalus Capital Relative Value Fund, which he said had assets in Switzerland and the Cayman Islands. Court documents say Yalincak and a partner actually spent the money on a new Porsche among other things.
UQ