Yalincak Mother Sentenced, Yalincak Son in "Big Trouble"

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Since the only reasons for having children are to proliferate one’s own ego and entrapment, Ayferafet Yalincak, 52 and mother of Hakan must be pretty PO’d that she went through—we’re ballparking—18 hours of labor and only ended up with a criminal record and two years in the state pen. Ayferaet is going down for her role in a multimillion-dollar hedge fund scam directed by her son Hakan, a former NYU student who had the brains to “charm his way into the exclusive world of Greenwich high finance by posing as an heir to a wealthy Turkish family,” broker deals with a Kuwaiti financier and put $1.25 million of investor money toward a down payment on a $21 million donation to NYU (so as to come off as wealthy philanthropists to potential investors) but not how to, you know, do it without getting caught and taking the woman who gave him life down with him.
US District Judge Janet Bond Arterton told a packed courtroom, “I don’t have confidence her future will be one without further fraud,” which has got to sting. Mother and son were also ordered to pay $2.25 million in restitution. Hakan is to be sentenced by the court next month, to say nothing of the “grounding of a lifetime” he’s purportedly in for.
Earlier: Mom Helped Hedge Fund Fraud Son

Pound Ridge mom in hedge fund scheme gets 2 years
[AP via Journal News]

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