Fugitive N.Y. Hedge Fund Manager May Be In Italy

Feb 18 2011 | 3:14am ET

ROME—Brian Kim, the fugitive hedge fund manager charged this week with running a $4 million Ponzi scheme, may be on the lam in Italy.

The Liquid Capital Management founder disappeared last month, failing to appear at his trial on a separate fraud charge, that one for bilking his Manhattan condominium association out of $400,000. But the new tenants of Liquid’s former Manhattan offices said he’s been gone since well before December.

Now, the New York Post reports he may be in Italy, where a friend, Carol Ann Ransaw, lives.

Ransaw, a makeup artist who used to live in Manhattan, had been looking for Kim after he failed to call her over the holidays. But a cagey Ransaw told the Post on Wednesday, “everything’s fine. He’s fine.”

“He’s a really great person, that’s all I can say,” she added.

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