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Article: Three Charged in Collapse Of Hedge Fund KL Group.(cases)(Brief article)
- Article from:
- Money Management Executive
- Article date:
- January 22, 2007
- Author:
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A West Palm Beach, Fla., grand jury has indicted the three men who ran hedge fund KL Group on charges of mail and wire fraud, conspiracy and money laundering. The jury also indicted KL Group and subsidiaries KL Forida and Triangulum Management.
The U.S. Attorney's Office for the Southern District of Florida, in cooperation with the Federal Bureau of Investigation and the Florida Office of Financial Regulation, has sued Won Sok Lee and brothers John Bae Kim and Yung Bae Kim for allegedly defrauding 250 investors of $195 million between 2000 and 2005.
The suit says the defendants used quarterly mailings and website postings to promote KL Group as a hugely ...
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Article: KL Group Acknowledged as One of Canada's Top 55 ...
Business Wire;
October 19, 1998 ;
700+ words
... ... BUSINESS WIRE)--Oct. 19, 1998--KL Group, a leading provider of GUI components ... an impressive 554% from 1993 to 1997, KL Group continues to maintain its position as ... technology firms in Canada. Recently KL Group launched its new JProbe Java profiling ...
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