{"id":12704,"date":"2009-10-29T07:35:10","date_gmt":"2009-10-29T11:35:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=12704"},"modified":"2009-10-29T07:35:10","modified_gmt":"2009-10-29T11:35:10","slug":"ad-salesman-turned-hedge-manager-at-center-of-loss","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2009\/ad-salesman-turned-hedge-manager-at-center-of-loss.html","title":{"rendered":"Ad Salesman-Turned-Hedge Manager at Center of Loss"},"content":{"rendered":"<p>Bloomberg &#8211; Helmut Kiener went from selling advertising for telephone books and getting paid by the ad to starting a German hedge-fund firm that would eventually make bets using millions borrowed from such banks as Barclays Plc, JPMorgan Chase &amp; Co. and BNP Paribas SA.<\/p>\n<p>Police and prosecutors yesterday raided Kiener\u2019s ivy- covered villa near Frankfurt, part of a joint German-U.S. investigation into what may be losses amounting to $400 million, people familiar with the probe said. A woman who identified herself as Kiener\u2019s wife declined to comment when a Bloomberg News reporter rang the door bell last night. Neither Kiener nor anyone at his firm, K1 Group, has been publicly accused of wrongdoing in connection with the probe.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601085&amp;sid=awc0n7ubx.Jw\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Helmut Kiener went from selling advertising for telephone books and getting paid by the ad to starting a German hedge-fund firm that would eventually make bets using millions borrowed from such banks as Barclays Plc, JPMorgan Chase &amp; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[11148],"class_list":["post-12704","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-hedge-fund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12704","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=12704"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12704\/revisions"}],"predecessor-version":[{"id":12705,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/12704\/revisions\/12705"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=12704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=12704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=12704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}