Kris Humphries, Kim Kardashian's Soon-To-Be Ex-Husband, Swindled In Hedge Fund Scam

Kris Humphries, Kim Kardashian's soon-to-be ex-husband, may be having the worst day ever.

Not only is Kardashian -- Humphries' wife of just 72 days -- reportedly filing for divorce Monday, but the free agent who was most recently a power forward for the New Jersey Nets also revealed that he lost thousands in a hedge fund scam. Humphries invested hundreds of thousands of dollars with Andrey Hicks' Locust Offshore Management, a fraudulent hedge fund that ultimately raised $1.6 million from investors like Humphries, Fin Alternatives reports.

A federal judge froze the assets of Hicks' fund last week, after accusing him of lying to investors about the existence of a fund in the British Virgin Islands, according to the Boston Business Journal. Hicks -- who was a guest at Humphries' and Kardashian's multi-million dollar wedding ceremony -- also claimed to be an alumnus of Harvard; in fact, he failed out of the prestigious school after three semesters.

Humphries isn't the first athlete to get hit by investment scams. Former Washington Redskin Art Monk fell victim to an investment scam run by his former teammate Terry Orr, according to U.S. News and World. Former Denver Broncos quarterback John Elway was one of more than 60 investors swindled in a Denver-area hedge fund scheme, the Denver Post reports. Kirk Wright, an Atlanta-area hedge fund manager accused of scamming $150 million from clients including several NFL players, killed himself in his jail cell after being convicted of 47 counts of fraud and money laundering, according to The New York Times.

Scam artists have become so proficient at preying on athletes that NFL rookies had to undergo financial literacy courses as part of the league's annual rookie symposium last year, according to the Associated Press. The aim of the course is to help the players weed through the "inevitable 'sure thing' opportunities touted by friends and acquaintances," the AP reports.

But, non-athlete celebrities aren't immune to falling victim to investment scam artists. Famed director Steven Spielberg, Nobel laureate Elie Wiesel and actor Kevin Bacon were all swindled by Bernie Maddoff's $65 billion Ponzi scheme, according to Bankrate.com. Famed investment advisor Ken Starr -- whose client list included celebrities such as Uma Thurman and Martin Scorsese -- was arrested by IRS agents last year for investment fraud and tax fraud, among other charges, according to Gawker.

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• Kim On Butt X-Ray

  "I've said numerous times, 'I haven't had plastic surgery, I haven't had butt implants.' ... "Who the hell of a normal person gets butt implants?" ... "I'm so glad I did this x-ray. The whole world has been doubting me -- this is the best thing I could've done." -- Kim Kardashian on <a href="http://www.eonline.com/on/shows/kardashians/index.html" target="_hplink">"Keeping Up With The Kardashians"</a>

• Khloe Kardashian-Odom

  "Hey dolls. The PROOF is in the X-ray. Kim's ass is 100% real!!!" -- Khloe Kardashian on her <a href="http://khloekardashian.celebuzz.com/kim-kardashian-butt-x-ray-06-2011" target="_hplink">Celebuzz blog</a>.

• Rob Talks Kim's Behind

  "She hears what everyone says - even reading the smallest blogs out there - and listens. But you know what? Our family is Armenian, we all have big butts." -- Rob Kardashian to <a href="http://www.details.com/blogs/daily-details/2011/07/rob-kardashian-on-living-with-khlo-hanging-with-lamar-and-yes-kims-butt-none.html" target="_hplink">Details magazine</a>.

• Anderson Cooper

  "For a while now I've had this unsettling feeling... Like the universe was slightly out of whack. I couldn't pin-point the source of the feeling, but then it hit me: no one has really been saying much about Kim Kardashian's butt lately ... Unbeknownst to me, the entire world will not stop with the crack about her butt- its voracity, so to speak. Will an x-ray really help us get to the bottom of this world crisis? I'm thinking that we need some kind of control group." -- Anderson Cooper on <a href="http://ac360.blogs.cnn.com/2011/06/28/the-ridiculist-kim-kardashian-haters/" target="_hplink">CNN</a>

• Kim To Cosmo UK

  "I see ridiculous stories about my butt, like how it has been insured ... I feel like saying, 'Hey, everyone has a butt. It's not that big a deal!' But I suppose it's flattering. Personally, I've always loved the curvy look. Even when I was a little girl and all my friends would be like, 'Oh, my god, your butt's so big.' And I'd say, 'I love it.'" -- Kim Kardashian to <a href="http://www.cosmopolitan.co.uk/" target="_hplink">Cosmopolitan UK</a>.

• Kim To Self Magazine

  "Rumors don't bother me anymore ... I've read that I've had my lips done. I've always had big lips. Look at my baby pictures. It's ridiculous. Or they'll show one picture of me today and one tomorrow, and say I've had my nose done in between. When? Didn't you just see me yesterday? And how many times have I 'had my butt done'? People's logic is so weird. I don't know why they bother! You can't worry about all the gossip." -- Kim Kardashian to <a href="http://www.self.com/healthystars/2011/04/kim-kardashian-beauty-slideshow#slide=1" target="_hplink">SELF Magazine</a>

• What Kris Humphries Thinks

  "I think he likes my lips ... And he likes, obviously, my butt." -- Kim Kardashian on what body part her fiance Kris Humphris likes most.

• Kim On Butt Obsession

  "There's constant interest in my bottom! The paparazzi always want 'butt' shots, girls come up to me and grab it, and people ask to squeeze it. I sometimes think: 'Everyone's got a butt, why do you care about mine?'" -- Kim Kardashian via <a href="http://www.starpulse.com/news/index.php/2009/10/06/kim_kardashian_talks_about_how_much_atte" target="_hplink">StarPulse</a>

• Kim To Harper's Bazaar

  "I don't get why everyone is always going on about my butt ... I'm Armenian. It's normal. My butt is probably not as big as you might think, because I have small legs and a small waist, which makes it appear bigger." -- Kim Kardashian to <a href="http://www.harpersbazaar.com/fashion/fashion-articles/naked-celebrity-pictures-0510#fbIndex1" target="_hplink">Harper's Bazaar</a>.

• Kim Kardashian On "The Wendy Williams Show"

  "It's real and jiggly and I wish it was firmer." -- Kim Kardashian on <a href="http://www.wendyshow.com/" target="_hplink">"The Wendy Williams Show"</a>

Comments

[KyDude]

02:27 PM on 11/14/2011

One of these days that caboose is likely to drag that freight train to a stop.

[Jimboga]

08:15 PM on 11/06/2011

Man, that is a massive butt.

[Jimboga]

08:14 PM on 11/06/2011

Mann that is a massive butt.

[Kev Bat]

04:03 PM on 11/05/2011

I think her butt needs a bra ....

[fairplaystacy]

10:24 AM on 11/08/2011

you mean a "brutt"

[Y Woodman Brown]

11:49 AM on 11/03/2011

Hold it. You mean there are Hedge Funds which aren't a scam?

Frankly, I favor scams. They make investing for the rich much more of a crapshoot. If the number of scams increase even more, perhaps investors will learn to cure their addictions by joining gamblers anonymous.

So, pale face gambled not only on that, but on Kim--the queen of the tan--too. And he--somehow--imagined that she'd live in Minnesota? Connect with reality much--Kris?

Why--she'd go snow-blind. One day it will hit him, poor Kris went bum-blind. It shut-off his common sense and the poor guy began to hallucinate--he imagined he saw a down-home girl there.

Yeah, sure...there's a great investment sitting in a Virgin Islands P.O. box. Now the guy's had two great assets frozen-off to him. Oh, well, at least the NBA isn't over-working him.

[cameron d]

03:07 AM on 11/03/2011

Did you know that the NBA actually has a Rookie program introduced by Hall of Famer Tom "Satch" Sanders that helps players learn to manage and invest their money on a year to year basis during and after their playing career?

Guess good ol' Kris got distracted during those meetings.

[Rouvey]

06:53 PM on 11/02/2011

Broker stole his money and Kim just castrated him!

[Mark Montgomery]

04:05 PM on 11/02/2011

What's wrong with her behind?

[Rouvey]

06:50 PM on 11/02/2011

She just dropped a deuce!

[carlgt1]

02:32 PM on 11/02/2011

he should have stored some spare cash in Kim's butt....

[Mary Karius]

12:05 PM on 11/03/2011

omg, lmao! I just spit coffee at the screen. Fanned for LIFE!

[diamondjoe]

02:43 PM on 11/14/2011

yeah, same....OMG, LMAO, ROFLMAO...you sad little tool!

[bob tomato]

02:26 PM on 11/02/2011

no no no... Kris, your doing it all wrong. Your best bet these days is a large contribution to a Republican SuperPAC - the best financial protection money can buy

[headstrong]

02:18 PM on 11/02/2011

It's been a tough few months for a naive young man. Someone has learned some painful life lessons here, I think.

[Catherine in Tulsa]

02:07 PM on 11/02/2011

I feel so sorry for this boy. He comes across as naive, and meeting this scam artists who take him for everything.

[baxtron]

03:43 PM on 11/02/2011

hundreds of thousands. at worst, 15% of one year's pay. he'll be ok.

[Catherine in Tulsa]

04:13 PM on 11/02/2011

that's true, but who knows what else he's fallen for. Is dear Kimmy keeping the ring?

[nishioka]

09:21 PM on 11/02/2011

Pro athletes can be horrifically bad about handling their money... if this guy got caught up in one hedge fund scam, it makes you wonder what other real estate scam or restaurant "investment" he's got money tied up in too. Mark Brunell (backup QB for the Jets), in his 19th season in the NFL, had to file for bankruptcy last year - $5.5m in assets vs. $25m in debts. Friends, family, agents, and strangers are all trying to take advantage of you when you rake in that kind of dough.

So yeah... it could be just 15% of one year's pay, or it could be the tip of the iceberg.

[kats]

03:11 PM on 11/14/2011

Which scam artist? Kim? or the hedge fund crook?

[elogco]

01:39 PM on 11/02/2011

Do you take this manas your lawful wedded husband for better or for worse....Not!

[brickstop43]

01:33 PM on 11/02/2011

I cannot understand why the public is so enamored with the 'Kardashians' - it's all such a joke. It promotes superficiality and bad behavior is rewarded, per usual. It goes along with the ever increasing sense of 'entitlement' humans in this country have. I feel sorry for the innocence of Kris Humphries who has gotten 'swept' along in the spotlight because he is a successful athlete. Unless one has the education and savvy to know what to do with the sudden windfall of huge salaries, one does not know who to trust when advised where to store a future nest egg.
The greed surpasses honesty by a long shot by these 'advisors' of the wealthy. "Honesty"and the moral right thing to do just isn't in the equation.

[needlefingers]

01:09 PM on 11/02/2011

I hate to say it, but Kim is looking like the smart one.

[Catherine in Tulsa]

02:09 PM on 11/02/2011

she's a con artist. Of course she's the smart one, but is that really who you are rooting for?