When I was a kid my parents were scammed by a stock broker along with a lot of other people, all just working class or middle class, and took a big financial hit that took years to overcome. White collar crime is not “victimless” and no one deserves it.

Usually whenever there’s a big story involving Koreans or gyopos abroad, it’s a huge story in the local press. Yet for inexplicable reasons, I can’t find any mention of this story in the English-language or Korean-language press.

Indeed, the persons involved were all Korean-American. Yet this fact doesn’t prevent the local press from implicitly claiming Michelle Wie as their own. Or for interpreting Robert Kim’s acts of treason as unwavering patriotism to his True Country. Why would these hedge fund guys be seen as anything different? Foreigner you seem to believe this story doesn’t belong here… why?

The idiots who invested in such a blatant scam deserve to get shafted anyway.

Doesn’t sound very blatant to me. It’s not like these guys went door to door selling snake oil. They were smart enough to know how to lie, what to lie about, and who to associate with There’s no way investors could have known this guy was trying to game earnings expectations by shorting ahead of quarterly announcements. Theoretically, the same thing could happen to anyone with any money in a hedge fund - which by this point is probably 1/10 of every American citizen (check your 401K!). Hopefully this case will get the SEC to step up hedge fund accountability.

Of course, no Korean media will mention this, because they go to great lengths to demonize the US troops and this kind of story would undermine all the ??crimes by US soldiers (i.e. parking tickets) are rising?? propoganda they crank out every year.
I don’t think it showed up in the Korean-language press. The only thing I found was a press release from the USFK PAO, which would probably explain why it didn’t end up in the press. The Korean press and the PAO have been hostile at times, and both sides are to blame (and it’s not for the reasons you’re probably thinking, but I can’t elaborate). If this is USFK’s only attempt to get it out, it’s not likely going to get into the Korean press. Once it’s in the Stars Stripes, it’s no longer in the news cycle, so it’s dead.

It’s amazing how far some of these people can bend over.

BTW, foreigner, these individuals are Korean-born naturalized American citizens, which means that they can also hold Korean citizenship. Brendon, does that speed up or slow down the extradition process?

Another thing complicating matters is that “Yung Kim”, “Jung Kim”, and “Won S. Lee” aren’t real names (although in the latter case, the guy’s full name is known) — nobody can trace a person with that name.