Hedge Fund Founder Kim Gets Five to 15 Years for Scheme
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Hedge fund founder Brian Kim was sentenced to a total of five to 15 years in prison after pleading guilty to grand larceny in connection with what prosecutors said was a $6 million Ponzi scheme.
Justice Charles H. Solomon handed down the sentence today in New York State Supreme Court in Manhattan. Kim, founder and operator of the hedge fund Liquid Capital Management LLC, pleaded guilty to nine of 26 counts against him in court on March 16. He faced as long as 25 years in prison for the most serious count.