ACCESSING CLASSIFIED FILES
Decrypting documents...
Your connection is being monitored
Back to Individuals
high risk
Jack Rabinowitz
Princeton/Newport Partners General Partner; Convicted on RICO Charges, All Overturned on Appeal
General Partner, Princeton/Newport Partners
Overview
Jack Rabinowitz was a general partner at Princeton/Newport Partners, a quantitative hedge fund co-founded by mathematician Edward Thorp. In August 1989, Rabinowitz and five other defendants were convicted on over 60 counts of racketeering, securities fraud, and tax fraud in the first RICO prosecution arising from the Wall Street investigations. He was sentenced to 3 months in federal prison. On June 29, 1991, all convictions were overturned on appeal when the court ruled the government had improperly applied RICO to tax and regulatory disputes.
Key Affiliations
Controversies & Concerns
Convicted on RICO charges for illegal tax-motivated stock parking transactions with Drexel Burnham Lambert
All convictions overturned on appeal June 29, 1991
Related Investigations (1)
Criminal Charges & Violations
1 documented violations
18 U.S.C. 1962 (RICO)Racketeering: Illegal tax-motivated stock parking(Federal)
Known Associates & Connections
James Sutton Regan
Managing general partner at Princeton/Newport; co-defendant
Sources & Documentation
1 documented sources from official records, investigations, and reports
Personal Information
- Born
- c. 1947
- Birthplace
- United States
Education
Key Timeline
1988-08-04
Indicted alongside five other Princeton/Newport defendants on RICO charges
1989-08
Convicted on multiple counts of racketeering and tax fraud
1989-11-09
Sentenced to 3 months in federal prison
1991-06-29
ALL convictions overturned on appeal