Kenneth Lipper American Philanthropist
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Kenneth Lipper is an American Philanthropist.
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| Nationality |
American
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| Occupation |
Philanthropist
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Kenneth Lipper is a prominent figure in the arts, in the world of finance, and in government. He served as New York City’s Deputy Mayor for Finance and Economic Development under Ed Koch (1983-1985), and has worked variously as a lawyer, investment banker, professor, novelist, screenwriter, Academy Award winning movie producer, hedge fund manager, book publisher, entrepreneur, and commercial real estate executive. In 2003, Lipper returned capital to investors in one of his hedge funds after a rogue employee pleaded guilty to defrauding Lipper and other investors. In November 2010, after undergoing 21 investigations and litigations over an eight year period, Lipper was awarded more than $15 million in indemnification, and a New York State Supreme Court judge noted that “none of the investigation and claims asserted against had resulted in a finding that he had engaged in ‘negligence, malfeasance or violation of applicable law.’” The rogue employee who betrayed Lipper served 6 years in prison, and the fund's auditor was barred from the industry.
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