One year ago, Congress defunded public media. Now that we're 100% community funded, please become a sustaining member or increase your existing membership today.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
Kim Kardashian's Hubby Swindled By Wedding Guest Who Ran a Phony Hedge Fund
Photo by admedia via Shutterstock.com
Kris Humphries, AKA Mr. Kim Kardashian, got taken in by a smooth-talking 27-year-old hedge fund manager, who claimed to be a Harvard grad offering the investment opportunity of a lifetime.It looks like Andrey Hicks, the hedge fund manager and one-time guest at the Kardashian wedding this August, was running a game. He wasn't even a Harvard grad! The "investment opportunity" was allegedly just Hicks cashing his rich friends' checks and putting most of it in his personal bank account. The SEC believes he swindled Humphries and several other investors out of $1.7 million. Hicks tried to flee to Switzerland but he was stopped in Canada and arrested and charged with wire fraud on Friday, according to TMZ.
Sources close to Humphries told TMZ that the NBA star got swindled out of hundreds of thousands of dollars himself. The SEC complaint has more of the gory details and the totally legit-sounding name of the company: Locust Offshore Fund, Ltd.
One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.
You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Senior Vice President News, Editor in Chief
