Stock scams still lurking (K1 Group) - part 2

[italkcash]

Alright this could end up being part 54 in a matter of a few weeks with the frequency of scams unfolding and coming to light in the recent time.

Another hedge fund scam has been uncovered, this time somehow world wide based and with a staggering scam worth 400 million dollars.

K1 Group based in Germany is embroiled in an international criminal investigation after saddling banks, including Barclays, BNP Paribas & JP Morgan Chase.

K1 Group has multiple offices all over the world, including BVI. The case is extraordinary difficult due to the amount of jurisdictions involved, but never the less it seems that the different gouverment agencies are working together to tie the strings in order to settle the matter in this case.

We will follow the news and bring updates. For more information about this article please see Bloomberg here: K1 Hedge Fund Probed as Barclays, JPMorgan Face Loss (Update1) - Bloomberg.com