• 29 Oct 2009 at 12:15 PM

Today In Handcuffs: Helmut Kiener Come On Down!

By Bess Levin

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.

K1′s Kiener Arrested In Fraud Probe [WSJ]

Comments (27)

  1. 1
    Posted by guest | October 29, 2009 at 12:23 PM

    Bess,
    You never told me you were a fan of da handcuffs.
    CG

  2. 2
    Posted by guest | October 29, 2009 at 12:24 PM

    sounds to me like victimless crimes

  3. 3
    Posted by guest | October 29, 2009 at 12:25 PM

    Gier ist gut.

  4. 4
    Posted by guest | October 29, 2009 at 12:27 PM

    Ich bin ein donut.

  5. 5
    Posted by guest | October 29, 2009 at 12:32 PM

    Germans…. Don’t Care!

  6. 6
    Posted by guest | October 29, 2009 at 12:35 PM

    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.

  7. 7
    Posted by Indiana Jones | October 29, 2009 at 12:36 PM

    Nazis. I hate Nazis.

  8. 8
    Posted by Anal_yst | October 29, 2009 at 12:39 PM

    um, somehow this sounds – thus far – like the banks just sucked a fat D and prolly deserved to get scammed (via FFG-esque “diligence”)

  9. 9
    Posted by guest | October 29, 2009 at 12:50 PM

    Helmut Keiner is a shitheel.

  10. 10
    Posted by guest | October 29, 2009 at 12:56 PM

    Joining the Nazi Party is the new killing it.

  11. 11
    Posted by guest | October 29, 2009 at 12:58 PM

    @7
    No, Donny, these men are Nihilists, there’s nothing to be afraid of.

  12. 12
    Posted by guest | October 29, 2009 at 1:05 PM

    Well it beats being held hostage and tortured by a bunch of enraged alte leute.

  13. 13
    Posted by guest | October 29, 2009 at 1:07 PM

    @10 – if by “it” you mean “jews” then yes.

  14. 14
    Posted by guest | October 29, 2009 at 1:20 PM

    rumour is that he provided his own handcuffs… and gag.

  15. 15
    Posted by guest | October 29, 2009 at 1:51 PM

    Not American , who cares

  16. 16
    Posted by guest | October 29, 2009 at 2:04 PM

    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.

  17. 17
    Posted by guest | October 29, 2009 at 2:10 PM

    @9 and @10
    you guys are killing me.
    @16 you’re a fucking moron, leave these posts ass face.

  18. 18
    Posted by guest | October 29, 2009 at 2:14 PM

    Who sharted?

  19. 19
    Posted by guest | October 29, 2009 at 2:17 PM

    @17 No you’re a moron!

  20. 20
    Posted by guest | October 29, 2009 at 2:31 PM

    I hate Germans.
    -Basil Fawlty

  21. 21
    Posted by pfluger | October 29, 2009 at 3:00 PM

    (A kraut. Right up my alley….)
    Herzliches Wilkommnen, Herr Kiener!
    -bm

  22. 22
    Posted by guest | October 29, 2009 at 3:01 PM

    Screw you, Bess.

  23. 23
    Posted by pfluger | October 29, 2009 at 3:03 PM

    One day, I will travel to Aschaffenburg, drink beer in a nice little Wirtschaft, and then have sex with all the women there.

  24. 24
    Posted by guest | October 29, 2009 at 3:13 PM

    @13 NICE.
    But in other words, if…
    1) Juden Kapputen,
    2) Lloyd Blankfien Kapputen!
    3) Deutscheland Kapputen :(

  25. 25
    Posted by guest | October 29, 2009 at 3:16 PM

    Question is will investigators locate “scheiss” videos during the raid.

  26. 26
    Posted by pfluger | October 29, 2009 at 3:33 PM

    @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

  27. 27
    Posted by guest | October 29, 2009 at 3:42 PM

    Now is the time on Sprockets chen ve dance!

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