Hedge-Fund Consultant Pleads Guilty to Child Pornography

Ezra Zask, president and founder of hedge-fund consultant firm SFC Associates LLC, pleaded guilty to child pornography charges in exchange for probation and registration as a sex offender.

Zask, 63, pleaded guilty before New York State Supreme Court Justice Larry Stephen to one count of possessing a sexual performance by a child, a class E felony that carries a maximum penalty of four years in prison, in exchange for 10 years of probation and being listed on the state’s sex-offender registry, according to a court clerk.

Zask is scheduled to be formally sentenced on March 5. Manhattan District Attorney Cyrus Vance’s office and Jean-Baptiste Carelus, a senior principal with SFC Associates, declined to comment.

“These events occurred at a very, very difficult time in his personal life,” Zask’s attorney, Allen Futerfas, said in a telephone interview. “He’s had a lot of tragedy in his life and this came at a very difficult time. We’re glad he can put this behind him and move forward.”

Zask, a graduate of Princeton University and Columbia University, started SFC Associates, a Manhattan-based firm formerly known as Ezra Zask Advisors that helps hedge funds with “complex consulting and litigation matters,” according to its website.

He was arrested after police served a search warrant at his home on East 39th Street in Manhattan on the morning of July 31, 2012, and found “numerous images and videos” containing child pornography, according to the New York City Police Department.

The case is New York v. Zask, 04773/2013, New York State Supreme Court, New York County (Manhattan).