Hedge Fund Manager Wanted for Arrest

By Katie Hauser

Published on November 28, 2006

The company has been under investigation for some time over allegations that Kim and others have defrauded investors of more than $200 million since 1999.

John Kim defied the federal government’s 2005 order that he freeze all his assets pending further investigation and the repayment of cheated investors. According to prosecutors, Kim is guilty of selling some of his numerous homes across the world as well as his luxury automobiles, then trying to hide the profits while claiming that he was unable to pay back his defrauded investors. Records also show that Kim received more than $700,000 from friends and family members, which was not returned to investors.

While Kim’s whereabouts are currently unknown, a warrant has been issued ordering any U.S. Marshal or authorized officer to place him under arrest.

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