May 24, 2017

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.

Whoops!

To read more go to Showbiz411.com.

About Roger Friedman

Roger Friedman began his Showbiz411.com column in April after 10 years with Fox News where he helped create Foxnews.com. Friedman’s prior experience on the Internet is with MSN’s Cinemania column. Friedman also wrote the Intelligencer column as a contributing editor at "New York Magazine," where he covered the O.J. Simpson criminal trial. In addition, Friedman has been involved in book publishing and filmmaking (Only the Strong Survive). For more about Roger go to Showbiz411.com

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