Newsday- A 23-year-old man convicted of running a hedge fund scam in Connecticut has filed a federal lawsuit against New York University, claiming the school owes him a diploma.
Hakan Yalincak, an NYU undergraduate, was sentenced last year to 3 1/2 years in prison for persuading investors to pour millions into a nonexistent Greenwich-based hedge fund.
A $21 million gift that Yalincak had promised to New York University proved to be an a fraud. The $1.25 million first payment turned out to be illegal proceeds from the hedge fund scam.
He was also ordered to pay restitution of $4.18 million.