Crypto Hedge Fund Co-Founder to Pay $945,000 in SEC Suit (2)

BKCoin Management LLC’s cofounder Min Woo “Kevin” Kang consented to pay the Securities and Exchange Commission almost $945,000 in a lawsuit alleging he and the cryptocurrency investment advisory group made Ponzi-like payments.

Judge Robert N. Scola Jr. signed the final judgment against Kang in the US District Court for the Southern District of Florida on Wednesday. Kang, without admitting or denying the allegations, is prohibited from issuing securities for others and acting as an investment advisor for five years. The payment incorporates more than $535,000 in a return of alleged ill-gotten gains, $179,000 in prejudgment interest, and a $230,000 ...