SECURITIES
From Times Staff and Wire Reports
Bilzerian Ordered to Forfeit $33 Million: Convicted financier Paul Bilzerian has been ordered to forfeit $33 million, plus interest, in illegal profits he amassed in the mid-1980s, the Securities and Exchange Commission said. The order covers alleged illegal profits Bilzerian made with others when they hoarded millions of dollars worth of stocks of Hammermill Paper Co. and Cluett Peabody & Co. in 1985 and 1986. Bilzerian was recently released from prison after serving a four-year sentence arising from related criminal charges.
