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View Full Version : K1 Hedge Fund Founder Kiener Is Jailed for 10 Years in Ponzi-Scheme Fraud - Bloomberg



FraudNews
07-22-2011, 01:07 PM
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Globe and Mail (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFRjRABJG-5rYkOEkw0qLBFKeJFkQ&url=http://www.theglobeandmail.com/report-on-business/international-news/german-mini-madoff-jailed-for-10-years-8-months/article2106162/)


K1 Hedge Fund Founder Kiener Is Jailed for 10 Years in Ponzi-Scheme Fraud (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEFErYlgPE8Y3ojcEvYtIiYgykG5g&url=http://www.bloomberg.com/news/2011-07-22/k1-hedge-fund-founder-kiener-is-jailed-for-10-years-in-ponzi-scheme-fraud.html)
Bloomberg
Kiener, 52, was found guilty of fraud, forgery and tax evasion by a court in Wuerzburg, Germany. Kiener in April confessed to using new investors' money to make up for losses in the wake of the financial crisis and to having manipulated some account ...
* Sentenced to 10 years, eight months in prison (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHM_r7LYQaBFh8wwEa9nrphljS9Hg&url=http://www.reuters.com/article/2011/07/22/germany-ponzischeme-idUSLDE76L0EV20110722)Reuters

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