Judge’s Model Spits Out 45 Months In Prison For MIT Professor Of Hedge Fund Fraud

...also his son.
Author:
Updated:
Original:

Ready for his tearful reunion with old Bern in the yard.

The firm of Gabriel Bitran and Son will be going away for a while over a semantic dispute, namely: whether you can call investments with Bernie Madoff and Tom Petters a proprietary-research-based investing model. Unfortunately for the Bitrans, former Sloan associate dean Gabriel’s prison-term model proved just as faulty and hopeful as his hedge-fund one.

Gabriel Bitran’s lawyer, Nicholas C. Theodorou, had requested a two-year prison term and wrote in a recent court filing that his client had “no prior history of criminal activity and a record of impeccable academic achievement and ethical behavior.”

Former MIT dean, son sentenced for hedge fund scheme [Boston Globe]

Related

By Chris Potter (Flickr: 3D Judges Gavel) [CC BY 2.0], via Wikimedia Commons

Allegedly Fraudulent Hedge Fund Counters Fraud Allegations With Award Won Through Alleged Fraud

Goldsky Asset Management may have no assets, but it does have hardware.

(LinkedIn)

Hedgie’s Horndog Hubbie Didn’t Bleed Enough For His Wife To Stay In Prison

Nasreen Alexandra Lynton-Knight showed immense restraint in giving her husband just a little incision on his hand for screwing her pal, in one judge’s opinion.

By Chris Potter (Flickr: 3D Judges Gavel) [CC BY 2.0], via Wikimedia Commons

Older Brother Sells Out Younger Brother In Alleged Crypto Hedge Fund Fraud, But Notes That Real Villain Is SEC

If they’d just unfreeze those assets, his little bro would quickly get them back to his alleged victims, he’s pretty sure.