Marco Bitran

Here's a release from the FBI: Two Boston-area hedge fund managers pleaded guilty today to conspiring to mislead investors into investing more than $500 million in their fraudulent hedge fund business. Gabriel Bitran, 69, of Newton, a former professor and associate dean of the Massachusetts Institute of Technology (MIT) Sloan School of Business, and his son Marco Bitran, 39, of Brookline, a Harvar

A former Massachusetts Institute of Technology professor and his son who ran hedge funds have pleaded guilty to securities fraud charges that federal prosecutors say cost their investors $140 million. Federal prosecutors said 69-year-old Gabriel Bitran and 39-year-old Marco Bitran pleaded guilty Wednesday to conspiracy to commit securities fraud, wire fraud and obstruction of justice in connection