Monday, 30 March 2015
Last updated 6 hours ago
Mar 19 2012 | 12:02pm ET
One-time CNBC contributor Brian Kim has pleaded guilty to a hedge fund fraud, among other charges.
The Liquid Capital Management founder on Friday entered pleas of grand larceny, forgery, scheme to defraud, falsifying business records and other counts, as part of a plea deal with prosecutors. Kim will be sentenced to between five and 15 years in prison; he had faced up to 45 years.
Kim had been facing three separate cases filed by Manhattan prosecutors: For running a $6 million Ponzi scheme at LCM, for stealing $430,000 from his New York condominium association and for bail-jumping, the latter stemming from his disappearance in January 2011, prior to his capture and return to the U.S. in September.
In December, Kim pleaded guilty to federal charges for fraudulently obtaining a passport. He'll be sentenced in both state and federal court next month.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…