Kim Kardashian's husband Kris Humphries victim of alleged investment fraud
Andrey C. Hicks, a Boston native, allegedly got Humphries to invest $1.7 million in a purported billion-dollar hedge fund called Locust Offshore Fund Ltsd, reports E! Online.
Hicks supposedly represented himself and his business falsely, saying he held degrees for Harvard, and telling them he worked for Barclays Capital, said the Securities and Exchange Commission. He claimed the hedge fund held more than $1.2 billion, which was untrue.
"Hicks lied to investors about virtually every aspect of his fictitious hedge fund," said David P. Bergers, director of the SEC's Boston Regional Office. "This brazen web of lies to investors constituted an outright fraud."
Humphries rep says that he is "working with law enforcement and will not comment further until the matter is resolved."
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