{"id":21886,"date":"2011-04-14T06:52:39","date_gmt":"2011-04-14T10:52:39","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=21886"},"modified":"2011-04-14T06:52:39","modified_gmt":"2011-04-14T10:52:39","slug":"kiener-says-he-manipulated-funds-lacked-courage-to-close-k1","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2011\/kiener-says-he-manipulated-funds-lacked-courage-to-close-k1.html","title":{"rendered":"Kiener Says He Manipulated Funds, Lacked Courage to Close K1"},"content":{"rendered":"<p>Bloomberg &#8211; K1 Group founder Helmut Kiener, accused of running a 345 million-euro ($500 million) Ponzi schme, told a court he manipulated accounts and lacked the \u201ccourage\u201d to shut down his hedge fund when the scale of his losses became obvious.<\/p>\n<p>Kiener, 51, admitted that he attempted to hide losses with funds from new investors in a statement read at his fraud trial today in Wuerzburg,\u00a0Germany. His lawyer, Achim Groepper, described the testimony after the hearing as \u201ca confession, for the most part.\u201d<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/news\/2011-04-13\/k1-group-hedge-fund-s-kiener-to-testify-at-german-fraud-trial.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; K1 Group founder Helmut Kiener, accused of running a 345 million-euro ($500 million) Ponzi schme, told a court he manipulated accounts and lacked the \u201ccourage\u201d to shut down his hedge fund when the scale of his losses became [&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-21886","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21886","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=21886"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21886\/revisions"}],"predecessor-version":[{"id":21888,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/21886\/revisions\/21888"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=21886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=21886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=21886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}