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No 'Warm Family Reunion for Ex-Evercore Exec Who's Concluding Insider Trading Sentence

November 16, 2016

Frank “Perk” Hixon, the former Senior Managing Director of Evercore Partners who pleaded guilty in 2014 to insider trading, shouldn’t expect a warm family reunion when he is released from a halfway house next month.

 

His younger brother just sued him for backing out of a $444,000 investment opportunity in New Orleans. Neal Hixon claims his disgraced brother, back in 2009, agreed to invest in a property called the New Orleans Arabella Bus Barn Project, which Neal was to manage. But Perk, 58, then a high-flying Manhattan investment banker, apparently never came through with the cash.

 

Five years later, in 2014, the banker pleaded guilty to insider trading charges. A Manhattan federal judge sentenced him to 2½ years in prison. Hixon, currently in a Brooklyn halfway house, is scheduled to be released 12/5/16.