Columbia University in a pickle over grants
By Roger Friedman
HollywoodNews.com: Lots of news today about people stealing money and the SEC catching them.
Arthur J. Samberg has to pay a $28 million settlement to the SEC thanks to his Pequot Capital Management, a $5 billion hedge fund, enriching itself from manipulating stocks.
The SEC says Samberg–now barred from being an investment adviser– hired a former Microsoft manager, David Zilkha, and then usedhim to get the inside info on Microsoft. Samberg doesn’t seem to be doing jail time. But Zilkha has been arrested and the SEC is seeking a jury trial against him. There’s no admission of guilt, just the settlement.
The New York Times and NY Post each skipped over the fact that in 2006 Samberg endowed what is known as the Arthur J. Samberg School for Teaching Excellence at Columbia Business School with a $25 million donation.
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