CFTC Scores $13M Win In Hedge Fund Fraud Case

Law360, New York (April 15, 2011, 6:01 PM EDT) -- The U.S. Commodity Futures Trading Commission on Friday won a $12.5 million default judgment against a New York hedge fund manager who allegedly bilked investors out of $2.7 million and stole another $435,000 from his condominium association.

Judge Denise L. Cote of the U.S. District Court for the Southern District of New York ordered Brian Kim and his fund Liquid Capital Management LLC to pay a civil penalty of $9.39 million and restitution of $3.13 million — representing the monetary gain from the alleged scheme —...
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Case Information

Case Title

U.S. Commodity Futures Trading Commission v. Kim et al


Case Number

1:11-cv-01013

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Denise L. Cote

Date Filed

February 15, 2011

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