{"id":4364,"date":"2007-01-17T01:02:28","date_gmt":"2007-01-17T01:02:28","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/01\/in_alleged_194_million_scam_fl"},"modified":"2022-08-26T13:40:33","modified_gmt":"2022-08-26T18:40:33","slug":"in-alleged-194-million-scam-fl","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/in-alleged-194-million-scam-fl\/","title":{"rendered":"In Alleged $194 Million Scam, Florida Hedge Fund Operators Of KL Financial Group Face Fraud And Other Criminal Charges"},"content":{"rendered":"

In Florida, three people were charged with fraud and other criminal offenses in connection with a scam that allegedly lost almost $195 million of investors’ money.<\/p>\n

Jung (John) Bae Kim, his brother Yung Kim, and brother Won Sok Lee were named as the defendants in a 35-count indictment that was unsealed in the U.S. District Court for the Southern District of Florida. While John Kim has been arrested, the other two men are still fugitives.<\/p>\n

Charges in the indictment include money laundering, multiple counts of mail and wire fraud, conspiracy to commit mail and wire fraud, and conspiracy to commit money laundering. KL Group LLC, KL Triangulum Management LLC, and KL Florida LLC, the three hedge fund-adviser companies owned and operated by the three defendants, were also named in the indictment. The charges against the three companies were related to the alleged investment fraud conspiracy only.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

In Florida, three people were charged with fraud and other criminal offenses in connection with a scam that allegedly lost almost $195 million of investors’ money. Jung (John) Bae Kim, his brother Yung Kim, and brother Won Sok Lee were named as the defendants in a 35-count indictment that was unsealed in the U.S. District […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3738],"tags":[],"class_list":["post-4364","post","type-post","status-publish","format-standard","hentry","category-investor-fraud"],"yoast_head":"\nIn Alleged $194 Million Scam, Florida Hedge Fund Operators Of KL Financial Group Face Fraud And Other Criminal Charges — Investor Lawyers Blog — January 17, 2007<\/title>\n<meta name=\"description\" content=\"In Florida, 3 people were charged with fraud and other criminal offences in connection with a scam that allegedly lost $195 million of investors' money.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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