Brian Kahn, the former head of Franchise Group Inc., was charged with conspiracy to commit securities fraud in the collapse of a hedge fund that prosecutors say cost investors $294 million.
Kahn is the third person accused of crimes stemming from the failure of Prophecy Asset Management, which US prosecutors have characterized as “a multi-year investment adviser fraud,” according to an Aug. 12 filing made public last week in federal court in Trenton, New Jersey.
Brian Kahn SEC Filings
Source: SEC Filings
Kahn was charged over “the same events that form the basis” of a guilty plea by John Hughes, a Prophecy co-founder, according ...
