NEW YORK: Brian Kahn, the former head of Franchise Group Inc, was charged with conspiracy to commit securities fraud in the collapse of a hedge fund that prosecutors say cost investors US$294mil.
Kahn is the third person accused of crimes stemming from the failure of Prophecy Asset Management, which US prosecutors have characterised as “a multi-year investment adviser fraud,” according to an Aug 12 filing made public last week in federal court in Trenton, New Jersey.
