SECURITIES

Bilzerian Loses Appeal in SEC Case: The U.S. Court of Appeals for the District of Columbia denied the request by Paul Bilzerian to throw out an order to repay illegal profits and interest arising from a pair of takeover attempts in the 1980s. The former chairman of the Singer Co. was convicted of securities fraud and ordered to pay $75 million to the Securities and Exchange Commission. Bilzerian and his riches were the focus of a CBS “60 Minutes” segment last year. He served 20 months in prison for securities fraud and is now in personal bankruptcy proceedings. A lower court had ruled in favor of the SEC in February, 1993, requiring Bilzerian to give up $33.1 million in illegal profits plus interest, a total of $42 million.