In its ongoing effort to get to the bottom of the collapse of the purported hedge fund firm K.L. Group, the Securities and Exchange Commission recently secured from a federal judge a permanent injunction against the firm's principals, Won Sok Lee and Yung Bae Kim. Their whereabouts remain unknown, according to Hedge World News.

Kim worked with Lee to control the investment advisory firms, the hedge funds and its Shoreland Trading unit, according to the SEC.

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