{"id":19521,"date":"2010-12-21T07:19:39","date_gmt":"2010-12-21T11:19:39","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=19521"},"modified":"2010-12-21T07:25:30","modified_gmt":"2010-12-21T11:25:30","slug":"former-hedge-fund-manager-gets-six-years-behind-bars","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2010\/former-hedge-fund-manager-gets-six-years-behind-bars.html","title":{"rendered":"Former Hedge Fund Manager Gets Six Years Behind Bars"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/1333333333333.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-19524\" title=\"Joseph Contorinis\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/1333333333333-204x300.jpg\" alt=\"\" width=\"163\" height=\"240\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/1333333333333-204x300.jpg 204w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2010\/12\/1333333333333.jpg 349w\" sizes=\"auto, (max-width: 163px) 100vw, 163px\" \/><\/a>New York (HedgeCo.net) &#8211; A hedge fund manage\u00a0formerly of Jefferies Group Inc has been sentenced to six years\u00a0after being convicted of fraud in October, according to a Reuters report.<\/p>\n<p>&#8220;If it feels like those in the game are conducting insider trading, then everyone else is just a sucker,&#8221; Judge Richard Sullivan told Contorinis at the sentencing. Joseph Contorinis was found guilty in October of conspiracy and securities fraud relating to\u00a0the 2006 buyout of Albertsons Inc supermarket chain.<\/p>\n<p>The Judge also ordered Contorinis to pay $7.2 million. &#8220;The government&#8217;s star witness at the Contorinis trial, former UBS AG manager Nicos Stephanou, pleaded guilty and testified in exchange for leniency.&#8221; Grant McCool, a\u00a0Reuters journalist wrote, &#8221; Stephanou&#8217;s sentencing proceeding is scheduled for Dec. 22 in the same court.\u00a0Two other defendants, Michael Koulouroudis and George Paparrizos, also have pleaded guilty.&#8221;<\/p>\n<p>Editing by Alex Akesson<br \/>\nFor <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><\/p>\n<p><a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><\/p>\n<p><a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; A hedge fund manage\u00a0formerly of Jefferies Group Inc has been sentenced to six years\u00a0after being convicted of fraud in October, according to a Reuters report. &#8220;If it feels like those in the game are conducting insider [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-19521","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-fraud","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=19521"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19521\/revisions"}],"predecessor-version":[{"id":19523,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/19521\/revisions\/19523"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=19521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=19521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=19521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}