Hedge Fund Ponzi Schemer Has Surprisingly Lowbrow Appetites


Fugitive hedge-fund manager Brian Kim, the 35-year-old founder of Liquid Capital Management, is thought to be on the lam in Italy to avoid charges for running a $4 million Ponzi scheme. But while Kim, who leveraged two CNBC appearances to bilk gullible investors, was still living in his East Village high-rise, what he chose to do with those ill-gotten gains was surprisingly pedestrian. According to the New York Post, he “allegedly used some of the purloined loot to finance luxury shopping sprees to Barneys New York and Coach and to fuel gambling runs to Atlantic City and ski trips to Vermont.” Atlantic City and Vermont? If he were a real “mini-Madoff” like the paper says, that should be Vegas and Aspen. Next you’ll be telling us he took the senior bus to AC for the free drinks and complimentary show tickets. We’re just saying, instead of checking Italy, the police might want to station someone at the Air Supply show at Ballys on Saturday.

Manhattan hedge funder charged with $4M Ponzi scheme may be on lam in Italy [NYP]