Brian Kim Pleads Guilty to Running a $6 Million Ponzi Scheme

Press Release

On March 16, 2012, Brian Kim pleaded guilty to running a Ponzi scheme that resulted in the theft of approximately $6 million from at least 45 victims, and for stealing $435,000 from the Christadora House, a condominium complex where he resided. In early 2011, on the eve of trial for the Christadora House grand larceny case, the defendant fled to Hong Kong using a fraudulently obtained United States passport. Kim first began operating this scheme from Manhattan in approximately January 2003. Kim was later sentenced to 1-3 years in prison.