Brian Kahn Charged in Collapse of Prophecy Hedge Fund, US Says

Brian Kahn, the former head of Franchise Group Inc., has been charged with conspiracy to commit securities fraud related to the collapse of a hedge fund that prosecutors say cost investors $294 million, according to a US court filing.

Brian Kahn SEC Filings

Source: SEC Filings

Kahn was the third person charged over the collapse of Prophecy Asset Management, which US authorities have characterized as a “a multi-year investment adviser fraud,” prosecutors said in an Aug. 12 filing made public in federal court in Trenton, New Jersey, on Nov. 6.

Kahn was charged over “the same events that form the basis” of a guilty …