Friday, 29 August 2014
Last updated 2 hours ago
Nov 7 2011 | 1:19pm ET
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.
Kim disappeared using a fraudulently-obtained passport—he had surrendered his original after being charged with stealing the money from his condo—late last year or earlier this year. He still faces federal charges for allegedly lying to get the new passport.
"Those who prey upon unsuspecting investors and attempt to evade responsibility will be held accountable," Manhattan District Attorney Cyrus Vance said.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...