Law360, New York (July 23, 2007, 12:00 AM ET) -- Three hedge funds on Friday pled guilty for their parts in a conspiracy that cost more than 250 investors nearly $195 million over the course of five years.
KL Group LLC, Shoreland Trading LLC and KL Triangulum Management LLC each admitted their roles in running a comprehensive hedge fund scam based out of southern Florida and California, Florida's Office of Financial Regulation said.
KL Group was a California limited liability company owned by principals Won Sok Lee and Jun Bae (a.k.a. John) Kim. Lee was also...
Hedge Funds Plead Guilty To $195M Scam
To view the full article, take a free trial now.
