America's #1 Balance Bike Destination

America's #1 Balance Bike Destination
America's #1 Balance Bike Destination

06 June 2006

Hakan Yalincak: The Art of Grift

Whiz kid admits $7 million scam
Mother also faces charges in scheme to bilk investors
Tuesday, June 6, 2006; Posted: 6:52 p.m. EDT (22:52 GMT)

NEW HAVEN, Connecticut (AP) -- A former New York University student pleaded guilty to bank and wire fraud Tuesday, admitting he used his student ID and expertly forged documents to pose as the heir to a billionaire Turkish family and trick investors into pouring millions into a nonexistent hedge fund. Full article

Learn more about common "Confidence Tricks"

I've struck gold!: Mommy's Little Con Man

4 comments:

metin said...

New York magazine ran a story last year about Hakan and his mother that is definitely a must read.

It is truly a sad story that a whiz kid with a promising future became an international con man all by himself, with a little help from mom of course. Too bad the 'talent' displayed by these types do not get put to good use by the federal government for the proactive purposes of preventing future tragedies instead of being wasted in prisons built with reactive rehabilitation in mind.

Murat Altinbasak said...

Yes I rmember the story from when it originally broke.. This is more of a follow-up. I wish I had a picture. Let me google it and see if any images appear.

Alex said...

So much has been misreported about this family and that is a true tragedy. According to the Court records, the investigation seems to be on going but you have to ask this question: did the Government screw up its investigation because no 19-20 year could have done this alone. Whatever happened to Michael Legamaro, Matthew Thomas, Mary Siachitano, Cormac B. Meehan and Andy C. Wall?

The FFPW website on the subprime crisis, www.hakanyalincak.com has a lot of useful information and provides access to the Court records. Visit it if you would like to get more information.

Alex said...

Oh, the funniest thing is the Irish Cousin going from acting to Wall Street and the hacker extraordinaire.....