Hedge fund manager Brian Kim was sentenced on Friday in New
York state court to up to 15 years in prison, a month after pleading guilty to
running a $6 million Ponzi scheme, writes Reuters.
The 36-year-old Kim, who previously appeared on television
as a derivatives expert, founded the now-defunct Liquid Capital Management. He
sent investors phony monthly statements showing their accounts had inflated
gains, according to prosecutors.
He also pleaded guilty to stealing $435,000 from his
Manhattan condominium.
Kim fled to Hong Kong as a fugitive on the eve of his trial
on the condominium case and was returned to New York 10 months later, in
October, after Hong Kong authorities took him into custody…..
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