(Image source from: Top Hedge Fund Adviser Pleads Guilty of Child Pornography})

The famous wizard of hedge fund, Ezra Zask, has pleaded guilty to possessing materials related to child pornography. According to reports, the guru of investment accepted his crime on Wednesday at a New York court. Pleading guilty means he can avoid jail time for the charges on him.

Zask is the founder of SFC Associates, a consulting firm for hedge fund. He has also authored many books on investing. In July last year, police had searched his Manhattan apartment and found various illegal images and videos on his computer. Following which the hedge fund advisor was arrested.

New York Supreme Court Judge Larry Stephen admitted the guilty plea of Zask and he will be sentenced in March. Zask's lawyer Alan Futerfas said that in most cases, an agreed upon sentence is usually one of probation. According to the company website, SFC Associates was formed by Zask in 1991, after he had managed more than $1 billion fund for individual as well as institutional investors. He also has the distinction of teaching in several universities and degrees from Columbia and Princeton.

(Picture Source: wnyt.com)

(AW: Pratima Tigga)