German police have arrested the founder of K1 Group, Helmut Kiener, in connection with an investigation into allegations of fraud at his hedge fund, a local prosecutor said.European and U.S. authorities are investigating allegations that K1 embezzled millions of dollars from several global banks, including J.P. Morgan Chase & Co., Barclays PLC, BNP Paribas SA and Societe Generale SA.
On Wednesday police searched the homes and offices of both Mr. Kiener and a second suspect, whom prosecutors haven’t named, seizing computers and business records, according to prosecutors and a member of Mr. Kiener’s staff.Heidi Queren, an employee at Mr. Kiener’s Aschaffenburg office, said her employer didn’t appear for work on Thursday.
Posted by guest , Oct 29, 2009 12:23PM
Bess,
You never told me you were a fan of da handcuffs.
CG
Posted by guest , Oct 29, 2009 12:24PM
sounds to me like victimless crimes
Posted by guest , Oct 29, 2009 12:25PM
Gier ist gut.
Posted by guest , Oct 29, 2009 12:27PM
Ich bin ein donut.
Posted by guest , Oct 29, 2009 12:32PM
Germans.... Don't Care!
Posted by guest , Oct 29, 2009 12:35PM
I can almost picture some fruity German guy muttering about Sharpe ratios and AUMs to his clients while thinking about last night's action in the S&M den in his basement.
Posted by Indiana Jones , Oct 29, 2009 12:36PM
Nazis. I hate Nazis.
Posted by Anal_yst , Oct 29, 2009 12:39PM
um, somehow this sounds - thus far - like the banks just sucked a fat D and prolly deserved to get scammed (via FFG-esque "diligence")
Posted by guest , Oct 29, 2009 12:50PM
Helmut Keiner is a shitheel.
Posted by guest , Oct 29, 2009 12:56PM
Joining the Nazi Party is the new killing it.
Posted by guest , Oct 29, 2009 12:58PM
@7
No, Donny, these men are Nihilists, there's nothing to be afraid of.
Posted by guest , Oct 29, 2009 1:05PM
Well it beats being held hostage and tortured by a bunch of enraged alte leute.
Posted by guest , Oct 29, 2009 1:07PM
@10 - if by "it" you mean "jews" then yes.
Posted by guest , Oct 29, 2009 1:20PM
rumour is that he provided his own handcuffs... and gag.
Posted by guest , Oct 29, 2009 1:51PM
Not American , who cares
Posted by guest , Oct 29, 2009 2:04PM
It's about time for one of Greg's shitty posts. Then again, maybe Bess came to her senses and took him out back and cut his fuckin' head off with a chainsaw in honor of the upcomming Halloween celebrations.
Posted by guest , Oct 29, 2009 2:10PM
@9 and @10
you guys are killing me.
@16 you're a fucking moron, leave these posts ass face.
Posted by guest , Oct 29, 2009 2:14PM
Who sharted?
Posted by guest , Oct 29, 2009 2:17PM
@17 No you're a moron!
Posted by guest , Oct 29, 2009 2:31PM
I hate Germans.
-Basil Fawlty
Posted by pfluger , Oct 29, 2009 3:00PM
(A kraut. Right up my alley....)
Herzliches Wilkommnen, Herr Kiener!
-bm
Posted by guest , Oct 29, 2009 3:01PM
Screw you, Bess.
Posted by pfluger , Oct 29, 2009 3:03PM
One day, I will travel to Aschaffenburg, drink beer in a nice little Wirtschaft, and then have sex with all the women there.
Posted by guest , Oct 29, 2009 3:13PM
@13 NICE.
But in other words, if...
1) Juden Kapputen,
2) Lloyd Blankfien Kapputen!
3) Deutscheland Kapputen :(
Posted by guest , Oct 29, 2009 3:16PM
Question is will investigators locate "scheiss" videos during the raid.
Posted by pfluger , Oct 29, 2009 3:33PM
@24:
Nicht wahr!!! Das ist Wanzin!! Wanzin und jetzt haben wir Oktoberfest! Ein bier her, ein bier her!
http://www.youtube.com/watch?v=sqbiHOF-u9U
Posted by guest , Oct 29, 2009 3:42PM
Now is the time on Sprockets chen ve dance!