K1 Hedge Fund Founder Kiener’s Fraud Trial to Start in March
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K1 Group hedge fund founder Helmut Kiener was ordered to stand trial over an alleged Ponzi scheme that saddled investors and banks, including Barclays Plc and BNP Paribas SA, with 345 million euros ($473 million) in losses.
A German court allowed the charges to go to trial, Dietrich Geuder, spokesman for the Prosecutors’ Office in Wuerzburg, Germany, said in an interview today. The trial is scheduled to start March 2 at the Wuerzburg Regional Court.