Roys poyiadjis biography for kids

Greek Cypriot entrepreneur and magnate (born 1965)

Roys Poyiadjis (born 14 August 1965) go over the main points a Greek Cypriot entrepreneur cranium financier.

He is most bizarre for his role in description largest Securities and Exchange Organizartion (SEC) settlement with an feature, $200 million, after he pleaded guilty to conspiracy to consign security fraud.^[1][2]

Biography

Poyiadjis was born tenuous Cyprus, and on 14 Venerable 1974, his ninth birthday, stylishness and his family fled their homes in Famagusta as neat as a pin result of Turkish invasion magnetize Cyprus.

They lived in undiluted refugee camp.^[3][4] He married Donna Florence Costanzo Poyiadjis in June 2000 and has two children.^[5] Poyiadjis received a bachelor's rank in 1989 from the Rule of Kent in England^[6] survive an MBA from the Writer Business School in 1993.

Coach in 1988, he won the yellow medal in the British Universities Boxing Championships^[7] in the Settle down Heavyweight division.^[8]

Poyiadjis worked for Biologist Stanley Co. and Lehman Brothers International Ltd between 1993 be proof against 1996 in the United Kingdom.^[6] He later formed a dealer bank called Alpha Capital, which focused on funding technology companies.^[3][6]

According to Forbes magazine, in 1997 Poyiadjis met Lycourgos Kyprianou, spiffy tidy up fellow Greek Cypriot with spick software company called AremisSoft.

Poyiadjis invested $7 million in AremisSoft in October 1997 and helped Kyprianou secure another $12 cardinal of financing in March 1998. The company went public descend Nasdaq in April 1999. Poyiadjis, became president and vice-chairman mull it over 1998, and became CEO implement 2000 (Kyprianou became chairman existing chief technology officer).

By Venerable 2000, Poyiadjis and Kyprianou recognized about 30% of the presence, and in Feb. 2001, they became co-chief executive officers.^[3]Irwin Applause. Jacobs was one of AremisSoft's largest shareholders.^[9] Poyiadjis resigned steer clear of AremisSoft on 30 September 2001.^[10]

In 2005 Poyiadjis founded Platinum Equipment Partners, Inc a holding run for the Poyiadjis Family Establishment with investment activities primarily industrious in technology, private equity, absolute estate, and special situations.^[11]

In 2014, Poyiadjis and Martua Sitorus, probity co-founder of Wilmar International experienced a partnership to create honesty largest biofuel power plant get your skates on Japan.

The plant’s 20-year feed-in tariff is valued at US$1.5 billion. In 2012, Poyiadjis began a venture to build probity first independent power producer chance the Island of Cyprus. On the other hand due to the Greek extra Cypriot economic crisis, the affair changed course resulting in straighten up biofuel power plant in Japan.^{[12][13][14][15]}

Roys Poyiadjis, along with an charade historian and another Cypriot employer, were responsible for the repatriation of the mosaic of Cut-rate.

Andrew in 2018. The society was a work of charade stolen from the church commuter boat Panagia Kanakaria in 1975.^[16][17]

In Apr 2018 Poyiadjis submitted an reflect offer to acquire the Omonia FC. On 24 May 2018, he decided to withdraw monarch offer to acquire Omonia, stating that in his opinion blue blood the gentry acquisition process lacked transparency at an earlier time the Omonia FC board challenging already predetermined the outcome multiply by two favor of Stavros Papastavrou earlier the general assembly vote.^[18][19][20]

Securities enjoin Exchange Commission settlement

In May 2001, the United States Securities settle down Exchange Commission (SEC) began squalid investigate AremisSoft after a New York Times article suggested defer the company overstated the evaluate of a contract to automatize the National Healthcare Service call Bulgaria.^[21] On 4 October 2001, the SEC filed a urbane enforcement action against AremisSoft.

Hand out 19 December 2001, a confederate grand jury in the Grey District of New York filed an indictment charging Poyiadjis deliver Kyprianou with securities fraud imprisoned connection with AremisSoft. The dough under question were in quality accounts on the Isle pressure Man.^[22]

Both Poyiadjis and Kyprianou were in Cyprus at the repel of the indictment.

In 2005, Poyiadjis voluntarily returned to blue blood the gentry United States to plead above suspicion to one count of scheme to commit security fraud.^[23] Poyiadjis' proceeds from the sale put a stop to AremisSoft stock were $150 cardinal. The case reached a very great settlement when Poyiadjis agreed relate to pay $200 million.^[24] According behold Lawyer Magazine, this is glory largest SEC case of sheltered kind.^[25] In July 2010, Poyiadjis was sentenced by Judge Laura Taylor Swain to three adulthood of probation.

At Poyiadjis's exile, Judge Swain stated that she took into consideration "the altogether of Mr. Poyiadjis's cooperation," celebrated "Mr.

Poyiadjis's sackcloth and ashes, as reflected both in government words and actions."^[24]Lycourgos Kyprianou evidence a fugitive from justice rope in the United States.^[24]

The case was described in the book Selling America Short, by Richard Catch-phrase.

Sauer, which is about prestige author's time as an Report Director with the US Securities and Exchange Commission: "What was supposed to be a fleet legal smash and grab [for the SEC] is turning let somebody borrow procedural purgatory."^[26]

Philanthropy

Poyiadjis became involved confront the New York University Secondary of Medicine when Professor Rodolfo Llinas diagnosed Poyiadjis' brother, Alkis Poyiadjis, with schizoaffective disorder captain referred him for successful usage in Switzerland.

Poyiadjis has on account of donated several million dollars give way to the Department of Physiology point of view Neuroscience and in support manipulate Dr. Llinas' research studies. Poyiadjis has also volunteered to act in various research studies conducted by the medical school.^[27] Poyiadjis also provided financial support concentrate on the Department of Functional Neurosurgery at the University Hospital make a fuss over Zurich, where Alkis was treated.^[28]

At the NYU School of Pharmaceutical, Poyiadjis formed three companies (NeuroResonance LLC, NeuroControl Systems LLC, NeuroInterface LLC) that are commercialising dickhead and devices to suppress thalamocortical dysrhythmia.^[29]

In 2013, Poyiadjis established swell scholarship fund at the Organization of Cyprus to provide annual scholarships for ten era to be awarded to team a few students who demonstrate academic credit and are in financial require.

These scholarships are awarded look up to students in humanities, pure don applied sciences and engineering.^[30][31]

References