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Financial influencer ‘K Money’ gets two years in jail for fraud
['Chris Dolmetsch', 'Aug', 'Robin Paxton', 'Lucia Kassai', 'Ruth Liao', 'Nduka Orjinmo', 'Kanoko Matsuyama', 'Charles Gorrivan', 'Godfrey Marawanyika', 'Loni Prinsloo']
Moneyweb
A suspended securities broker who reinvented himself as a “finfluencer” known as “K Money” was sentenced to two years in prison for defrauding investors out of hundreds of thousands of dollars.
Kenneth Thom received his sentence Tuesday, less than five months after pleading guilty to investment adviser fraud.
Though a number of “finfluencers” partner with Wall Street firms, others peddle their own financial products.
ADVERTISEMENT CONTINUE READING BELOWProsecutors said Thom, 42, promoted himself as a successful trader and Wall Street “luminary” on Facebook, Instagram and Twitch.
Using the names “K$” and “K Money,” he sold trading courses and suggestions to his followers.