Brian Kim and Liquid Capital Management ordered to pay more than $12 million by federal court

On April 15th, the CFTC obtained a federal order from a federal court in New York to force Brian Kim and Liquid Capital Management LLC to pay in excess of $12 million in restitution and penalties for defrauding a commodity pool. $3.1 will go to fraud victims, including Kim’s Condominium Association, and $9.3 million levied as a civil monetary penalty. Additionally, the defendants are forbidden from commodities trading or registering with the CFTC.

The order comes as a result of a complaint filed by the CFTC on February 15th of this year, charging Kim and Liquid Capital Management with a host of crimes, including fraudulent solicitation, misappropriation and misrepresentation, and falsifying records.

Read more about this CFTC enforcement action.


Share this post

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Stay On Top Of The Debt Relief Industry's Regulatory Landscape

On November 6-7, 2022, Shipkevich PLLC will be hosting a Regulatory Workshop in Costa Mesa, California focusing on the fundamental regulatory issues facing debt relief professionals and how they can adapt.