Ex-Boston Provident CFO Pleads Guilty To $3M Fraud

Law360, New York (March 11, 2010, 7:35 PM EST) -- The former chief financial officer of New York-based hedge fund Boston Provident LP has pled guilty to securities and wire fraud for allegedly having the fund secretly buy his securities at inflated prices.

Ezra Levy, 32, pled guilty Thursday and faces up to 20 years in prison for each of the counts, according to the U.S. Attorney for the Southern District of New York. The stipulated sentencing guideline range, however, is 63 to 78 months behind bars, according to the plea agreement.

Levy allegedly stole from...
To view the full article, register now.