K1 Hedge Funds Werent Set Up as Ponzi Scheme, Kiener Says

fraud trial in Wuerzburg, Germany, Kiener today denied some of the charges. Banks that gave him money, including Barclays Plc and BNP Paribas SA, had to approve his investment proposals and the funds in which he invested, Kiener said. ���Barclays and BNP...