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New York Whiz Kid Money Manager Pleads Guilty to Fraud.

Knight Ridder/Tribune Business News, December, 2001

By Robert Gearty, Daily News, New York Knight Ridder/Tribune Business News

Dec. 13--A whiz kid money manager who showered expensive gifts on his Playboy centerfold girlfriend with funds he swindled from investors pleaded guilty yesterday to fraud.

Mark Yagalla, 24, pleaded guilty in Manhattan Federal Court. Under federal sentencing guidelines, he faces 46 months to 57 months in prison when he is sentenced on Valentine's Day next year.

Yagalla was accused last year of swindling 110 investors after the collapse of his $40 million Asbury Capital fund.

Probers said Yagalla stole money from the fund to buy expensive homes, sports cars, a helicopter and to romance curvy Los Angeles model Sandra Bentley, a Playboy pinup, who along with...

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