{"id":3679,"date":"2005-12-05T00:00:00","date_gmt":"2005-12-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"billionaire-to-pay-30-million-hedge-fund-settlement","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2005\/billionaire-to-pay-30-million-hedge-fund-settlement.html","title":{"rendered":"Billionaire to pay $30 million hedge fund settlement"},"content":{"rendered":"<p>  Reclusive billionaire Izzy Englander agreed to fork out $30 million of his own fortune yesterday as part of a monster settlement of fraud charges against his Wall Street hedge fund.<\/p>\n<p>  Englander, 57, who shuns public events and avoids being photographed, also will shell out more than $121 million in &#8220;ill-gotten revenues&#8221; from the coffers of his high-flying Millennium Partners  fund.<\/p>\n<p>  The hermitlike moneyman is also banned from trading for three years &#8211; a much stiffer penalty for a man who raked in an estimated $200 million last year.<\/p>\n<p>  &#8220;It&#8217;s a lot of money,&#8221; said securities lawyer Jonathan Kord Lagemann. &#8220;It&#8217;s hard to tell whether it&#8217;s sufficient to deter.&#8221;<\/p>\n<p>  <a href=\"http:\/\/www.billingsgazette.com\/index.php?id=1&amp;display=rednews\/2005\/12\/03\/build\/business\/54-hedge-fund.inc\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reclusive billionaire Izzy Englander agreed to fork out $30 million of his own fortune yesterday as part of a monster settlement of fraud charges against his Wall Street hedge fund. Englander, 57, who shuns public events and avoids being photographed, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3679","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3679","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3679"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3679\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}