Tuesday, November 8, 2011

Fugitive Hedge Fund Manager Pleads Not Guilty

Finalternatives reports that accused hedge fund fraudster Brian Kim is back in the U.S.—and denying allegations that he ran a $6 million Ponzi scheme.

Kim returned to the U.S. last month after his capture abroad. At his first court appearance in Manhattan yesterday, he pleaded not guilty to charges that he lied to investors about his Liquid Capital Management, telling them he would put their money into safe investments while actually losing money on futures contracts and stealing some of the rest.

Kim also entered pleas on charges that he ripped his Manhattan condominium association off to the tune of $430,000 and bail-jumping….

Find out more at http://www.finalternatives.com/node/18663

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