{"id":13361,"date":"2009-12-14T09:56:35","date_gmt":"2009-12-14T13:56:35","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13361"},"modified":"2009-12-14T09:56:35","modified_gmt":"2009-12-14T13:56:35","slug":"25-years-for-partner-in-194-mln-florida-fund-fraud","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2009\/25-years-for-partner-in-194-mln-florida-fund-fraud.html","title":{"rendered":"25 years for partner in $194 mln Florida fund fraud"},"content":{"rendered":"<p>Ali Baba &#8211; A partner in KL Group, a now-defunct Florida hedge fund company, was sentenced on Friday to nearly 25 years in prison for a scheme that defrauded investors of $194 million, U.S. prosecutors said.<\/p>\n<p>Won Sok Lee, who was captured in South Korea in February after more than two years on the run, also was ordered to pay  $78.5 million in restitution.<\/p>\n<p>Lee was indicted in 2006 on nearly three dozen charges including conspiracy, wire fraud, mail fraud and money laundering. The criminal indictment followed a civil securities fraud case filed by the U.S. Securities and Exchange Commission, which moved to shut down his company in 2005.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/news.alibaba.com\/article\/detail\/markets\/100216445-1-25-years-partner-%2524194-mln.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ali Baba &#8211; A partner in KL Group, a now-defunct Florida hedge fund company, was sentenced on Friday to nearly 25 years in prison for a scheme that defrauded investors of $194 million, U.S. prosecutors said. Won Sok Lee, who [&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":[],"class_list":["post-13361","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13361","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=13361"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13361\/revisions"}],"predecessor-version":[{"id":13362,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13361\/revisions\/13362"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}