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Student in hedge fund scam seeks delay in reporting to prison

Student in hedge fund scam seeks delay in reporting to prison

A former New York University student convicted of a hedge fund scam in which he posed as a Turkish heir is asking for more time before he reports to prison, saying he has a droopy eye and might have suffered a stroke.
Hakan Yalincak, 22, was due to report to prison May 8 after he was sentenced last month to 3 1/2 years in prison. He asked for a 30-day extension before serving his sentence. He could also face deportation to Turkey.
"The defendant suffers from a droopy right eye for which he has received a preliminary diagnosis that he could have suffered from a stroke and/or other such medical problem," Yalincak's attorney, Bernard Grossberg, wrote in court papers filed Monday.
Yalincak says the federal Bureau of Prisons has not designated a prison for him yet, and he wants to avoid unspecified "problems" if he were to report to a local or county jail.
He also said he has applied for readmission to NYU and needs more time to resolve issues related to his readmission.
Prosecutors had not responded to Yalincak's request as of Tuesday morning. A telephone message was left Tuesday with the U.S. Attorney's Office.
Yalincak, who has already served 20 months in prison, was also ordered to pay restitution of $4.18 million (euro3.07 million) after pleading guilty last year to bank and wire fraud.
Yalincak's mother, Ayferafet Yalincak, 52, was sentenced in March to two years in prison after she pleaded guilty last year to conspiracy to commit wire fraud in connection with the scheme. She also faces possible deportation.
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.


Updated : 2021-04-15 21:51 GMT+08:00