Steve Schwarzman, chief executive officer and chairman of the Blackstone Group, last night dined on lamb and barley risotto in the West Gallery of the Frick Collection, facing a self-portrait by Rembrandt.
Brian Kim, a former hedge-fund manager accused of running a $6 million Ponzi scheme, was offered six to 18 years in prison by prosecutors in exchange for a guilty plea to grand larceny and related charges.
Billionaire Philip Falcone’s hedge fund, Harbinger Capital Partners LLC, was told it may be sued by federal regulators for securities-law violations and said it plans to halt investor withdrawals at year-end.
Unipol Gruppo Finanziario SpA’s planned rescue of Fondiaria-SAI SpA, Italy’s second-biggest insurer, may be delayed after a prosecutor requested the seizure of a 20 percent stake in Fondiaria’s biggest investor.
Brian Kim, the former hedge-fund manager at Liquid Capital Management LLC accused of fleeing to Hong Kong while awaiting trial on fraud charges, pleaded not guilty to running a $6 million Ponzi scheme.