Hedge Fund Exec Denies $6M Ponzi Scheme

Law360, New York (November 4, 2011, 2:27 PM EDT) -- A New York hedge fund manager who was a fugitive for 10 months pled not guilty in New York state court Friday to charges that he operated a Ponzi scheme that defrauded at least 45 victims of $6 million.

Brian Kim, who ran Liquid Capital Management LLC, also pled not guilty to bail jumping during his arraignment before Judge Charles Solomon.

Kim allegedly fled to Hong Kong on the eve of his trial in another case in which he was accused of stealing $430,000 from the...
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