Investment Broker Allegedly Misappropriated Jason Taylor’s Money

Jason Taylor has filed a lawsuit against Eric Kim to get half a million dollars back.  Kim represented himself to Taylor as an experienced securities investor, so Taylor gave $500,000 to Kim to invest on his behalf. Kim said that he would do so, charging only 10% of the profits that he made.

Taylor says that in an almost two-year period, Kim “misappropriated” over half of the $500,000 that Taylor gave him. Kim’s lawyer denies all claims against Kim and says that Taylor is just another celebrity who gave his money to a friend to invest for him and who is now blaming that friend for poor results.

See Jason Taylor, Investment Broker Ran Off With $275,000 of My Money, TMZ, Nov. 27, 2011.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this to my attention.