Denemek ALTIN - Özgür

Investor pleads guilty in criminal scheme

Los Angeles Times

|

December 13, 2025

Brian Kahn admits to hiding losses after felling a hedge fund, damaging B. Riley.

- By LAURENCE DARMIENTO

Businessman Brian Kahn has pleaded guilty to conspiracy to commit securities fraud in a case that brought down a hedge fund, helped lead to the bankruptcy of a retailer and damaged West Los Angeles investment bank B. Riley Financial.

Kahn, 52, admitted in a federal court in Trenton, N.J., on Wednesday to hiding trading losses that brought down Prophecy Asset Management in 2020. The Securities and Exchange Commission alleged the losses exceeded $400 million.

An investor lawsuit has accused Kahn of funneling some of the fund’s money to Franchise Group, a Delaware retail holding company assembled by the investor that owned Vitamin Shoppe, Pet Supplies Plus and other chains.

Los Angeles Times'den DAHA FAZLA HİKAYE

Los Angeles Times

Air Force tanker in near-miss with jet

A Jet-Blue flight from the small Caribbean nation of Curacao halted its ascent to avoid colliding with a U.S. Air Force refueling tanker, and the pilot blamed the military plane for crossing his path.

time to read

1 mins

December 15, 2025

Los Angeles Times

Los Angeles Times

Venezuela's holidays shadowed by rumors

Social media fuel the daily rumor mill, in part because access to independent news is severely restricted.

time to read

4 mins

December 15, 2025

Los Angeles Times

Los Angeles Times

Why homes are 'filtering' up from poor to wealthy buyers

Are American families better off than they were 30 and 60 years ago? Or are they struggling to hold on? Yes.

time to read

2 mins

December 15, 2025

Los Angeles Times

Los Angeles Times

Feds scrutinize licenses for immigrant truck drivers

The federal government's crackdown on commercial driver's licenses for immigrants has reported problems in California and seven other states so far in the wake of several deadly crashes.

time to read

5 mins

December 15, 2025

Los Angeles Times

Los Angeles Times

Petition seeks November vote on O.C. surf park

A project approved at a Newport Beach golf course already makes waves in community.

time to read

2 mins

December 15, 2025

Los Angeles Times

Los Angeles Times

Modest LAPD hiring boost is rebuff to mayor

Council OKs only 40 recruits, rejects Bass' request to significantly increase police ranks.

time to read

3 mins

December 15, 2025

Los Angeles Times

Los Angeles Times

L.A. groups ramp up Hanukkah festivities after attack

In the hours after two gunmen opened fire at a Hanukkah celebration on Australia's Bondi Beach in Sydney, killing at least 15 people, Rabbi Noah Farkas, president of the Jewish Federation Los Angeles, fielded a barrage of calls from Jewish parents across Los Angeles.

time to read

4 mins

December 15, 2025

Los Angeles Times

The reality of less coverage, higher cost for healthcare

ACA enrollees say they’ll have to cut already tight budgets or drop insurance.

time to read

3 mins

December 15, 2025

Los Angeles Times

Los Angeles Times

Heavy snow around Northeast; more rain for Pacific Northwest

A weekend storm sent temperatures plunging well below zero in the Midwest and dumped heavy snow on parts of the Northeast on Sunday, creating many airport delays and slick roads as the Pacific Northwest braced for more rain after days of flooding and mudslides.

time to read

2 mins

December 15, 2025

Los Angeles Times

Los Angeles Times

Netflix-Warner tie-up is not a done deal. What could stop it

It was just Dec. 5 that Netflix announced a blockbuster $72-billion deal to acquire Warner Bros. film and television studios, HBO and HBO Max — a tie-up that could fundamentally change Hollywood.

time to read

4 mins

December 15, 2025

Listen

Translate

Share

-
+

Change font size