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

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]