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February 23, 2007
Greenwich Family Values
From the AP:
A Greenwich mortgage broker who admitted she helped her college-age son recruit investors in a multimillion-dollar hedge fund scam pleaded for a reduced sentence Thursday, downplaying her role and blaming her son and others.
Ayferafet Yalincak, who pleaded guilty last year to conspiracy to commit wire fraud, is scheduled to be sentenced March 2. Her 22-year-old son, Hakan, faces up to 50 years in prison for managing the scheme when he is sentenced March 27.
Prosecutors say Hakan Yalincak charmed his way into the exclusive world of Greenwich high finance by posing as an heir to a wealthy Turkish family, shuttled counterfeit checks across the world and brokered deals with a Kuwaiti financier. Prosecutors said investors lost more than $7 million in the fake fund, an amount he contests.
Ayferafet Yalincak, who faces up to 5 years in prison under guidelines, asked for a short sentence in court papers filed Thursday. She rejected a presentence report that concluded Hakan's fraud stemmed from the negative role model she provided.
She's got a point. If he blamed it on his kids, then she would be a role model.
Posted by edelfenbein at February 23, 2007 10:10 AM
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