[3][4] He founded the now-defunct Liquid Capital Management LLC, which focused on futures trading, in 2002 and had an office on Broadway in New York City.
[4][5][6] In 2009, Kim twice appeared on CNBC's financial television news show Squawk Box, speaking as an expert about derivatives trading.
[2][5] After an investigation by the Commodity Futures Trading Commission (CFTC) into his hedge fund business, in February 2011, Kim was charged both civilly and criminally with financial fraud, grand larceny, and scheme to defraud for running a $6 million Ponzi scheme from January 2003 through January 2011, and cheating at least 45 investors from the West Coast while providing them with fake monthly performance statements.
[5] The CFTC sued Kim and Liquid Capital in February 2011, charging them with fraudulent solicitation, misappropriation, and misrepresentation to investors and regulatory organizations, and seeking an injunction preventing them from trading in commodities futures and foreign currencies.
[2][6] On March 16, 2012, Kim pleaded guilty to nine of the 26 counts against him, including grand larceny, scheme to defraud, violation of the NY General Business Law (Martin Act), and falsifying business records in connection with the Ponzi scheme charge, and stealing $435,000 from the Christadora House.