{"id":43726,"date":"2014-08-26T09:24:26","date_gmt":"2014-08-26T13:24:26","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=43726"},"modified":"2014-08-26T09:24:26","modified_gmt":"2014-08-26T13:24:26","slug":"ex-prof-alum-son-plead-guilty-to-hedge-fund-fraud","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2014\/ex-prof-alum-son-plead-guilty-to-hedge-fund-fraud.html","title":{"rendered":"Ex-prof, alum son plead guilty to hedge fund fraud"},"content":{"rendered":"<div class=\"bodytext\" style=\"color: #000000;\">\n<p>MIT Tech &#8211; A former associate dean of MIT\u2019s Sloan School of Management and his son have pleaded guilty to securities fraud and obstruction of justice after allegedly losing $140 million of investors\u2019 money in hedge funds.<\/p>\n<\/div>\n<div class=\"bodytext\" style=\"color: #000000;\">\n<p>Gabriel Bitran PhD \u201975, a 69-year-old Newton resident, and his son Marco Bitran \u201997, allegedly attracted investors from 2005 through 2011 by promising to invest using a complex mathematical trading model developed by Gabriel Bitran at MIT. They brought in $500 million, but in reality invested much of the money in other hedge funds, according U.S. Attorney Carmen M. Ortiz in Boston.<\/p>\n<p><a href=\"http:\/\/tech.mit.edu\/V134\/N32\/bitran.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MIT Tech &#8211; A former associate dean of MIT\u2019s Sloan School of Management and his son have pleaded guilty to securities fraud and obstruction of justice after allegedly losing $140 million of investors\u2019 money in hedge funds. Gabriel Bitran PhD [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43726","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43726","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=43726"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43726\/revisions"}],"predecessor-version":[{"id":43729,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/43726\/revisions\/43729"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=43726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=43726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=43726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}