Bilzerian Denied New Trial: Former Singer Co....

Bilzerian Denied New Trial: Former Singer Co. Chairman Paul A. Bilzerian was denied a new trial, one day before he was to be sentenced for nine security-related felonies. Bilzerian, a 39-year-old corporate takeover strategist from Tampa, Fla., was convicted in June in the first jury verdict in the government’s three-year crackdown on Wall Street securities crime. The case also was the first prosecution of a takeover speculator using information derived from the Ivan F. Boesky insider trading scandal that broke in 1986. Bilzerian faces a maximum penalty of 45 years in prison and $2.25 million in fines at his scheduled sentencing today on convictions of breaking securities and tax laws and making false statements in connection with three failed takeover attempts.