{"id":10330,"date":"2009-04-13T00:00:00","date_gmt":"2009-04-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"florida-hedge-fund-fraudster-remains-in-federal-custody","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/florida-hedge-fund-fraudster-remains-in-federal-custody.html","title":{"rendered":"Florida Hedge Fund Fraudster Remains in Federal Custody"},"content":{"rendered":"<p>New York (HedgeCo.Net) &#8211; A former Florida hedge fund manager is being held without bail in a West Palm Beach prison after prosecutors convinced the judge he is a flight risk.&nbsp; <\/p>\n<p>Attorneys for Won-Sok Lee were seeking a continuance for his arraignment on Friday so that he could find a local lawyer. &nbsp;<\/p>\n<p>Lee and his company, The KL Group, were accused of swindling over $200 million out of investors through their hedge funds back in 2006.&nbsp; He was arrested in February after trying to board a plane from Seoul to Argentina after spending three years on the run. &nbsp;<\/p>\n<p>Lee and his brothers, who are currently serving lengthy prison terms, ran hedge funds out of locations in Florida and Nevada from 2000 to 2005.<\/p>\n<p>Lee is facing dozens of charges, including conspiracy, money laundering, and mail and wire fraud.&nbsp; His next hearing is scheduled for April 17.<\/p>\n<p>Julie Scuderi<br \/>Senior Editor for HedgeCo.Net<br \/>Email: julie@hedgeco.net<\/p>\n<p>HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<br \/>Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com&nbsp;&nbsp; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; A former Florida hedge fund manager is being held without bail in a West Palm Beach prison after prosecutors convinced the judge he is a flight risk.&nbsp; Attorneys for Won-Sok Lee were seeking a continuance for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1004,10130,2110,10129,1466,5596,37,4393,9978,97,301,4023,588,539,4166,77,10131,1634],"class_list":["post-10330","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-accredited-investors","tag-arraignment","tag-conspiracy","tag-continuance","tag-dozens","tag-flight-risk","tag-hedge-fund-manager","tag-hedgeco","tag-kl-group","tag-lengthy-prison-terms","tag-mail","tag-money-laundering","tag-palm-beach","tag-prosecutors","tag-seoul","tag-sister-sites","tag-sok","tag-wire-fraud"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10330"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10330\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}