Kenneth Thom (K Money)
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Summary
Kenneth Thom, operating under the aliases 'K Money' and 'K$,' was a FINRA-suspended broker who reinvented himself as a social media financial influencer and raised nearly $800,000 from approximately 67 investors beginning in late 2023. He diverted a substantial portion of those funds for personal use — including travel, dining, and luxury goods — while fabricating trading performance reports. On August 11, 2026, U.S. District Judge Edgardo Ramos sentenced Thom to two years in federal prison after he pleaded guilty to investment adviser fraud; he was also ordered to pay $724,756.09 each in forfeiture and restitution.
Connected Entities
1 entities · 10 linked investigationsTimeline(10 events)
1 January 2006
Kenneth Thom first registers in the securities industry; holds positions at Joseph Stevens & Company, National Securities Corporation, and Next Financial Group Inc.
Yahoo Finance / AdvisorHub reporting1 January 2008
Thom's last registered broker-dealer is Next Financial Group Inc.; he departs the firm.
InvestmentNews1 January 2010
Thom commingles approximately $60,000 in client funds with his personal account, loses most through poor trading, and uses the remainder for personal expenses — conduct later cited in his FINRA suspension.
Securities law firm analysis1 January 2011
FINRA suspends Thom's broker registration for failure to pay an arbitration award, commingling client funds, and ignoring investor withdrawal requests. The suspension remains in effect indefinitely.
Wealth Management / DOJ SDNY1 October 2023
Thom begins soliciting investors via a Facebook group as 'K Money' and 'K$,' representing himself as a successful Wall Street trader and offering participation in pooled 'shared accounts.'
DOJ SDNY press release1 January 2024
Thom begins receiving investor funds; ultimately raises approximately $786,234 from approximately 67 clients between January and August 2024.
Yahoo Finance / AdvisorHub reporting21 August 2025
The SEC files civil charges against Thom (LR-26381) alleging violations of the Securities Act, Exchange Act, and Investment Advisers Act.
SEC Litigation Release LR-263811 March 2026
Thom is arrested and charged criminally by DOJ SDNY with investment adviser fraud.
DOJ SDNY — Suspended Broker Charged With Online Investment Fraud30 March 2026
Thom pleads guilty to one count of investment adviser fraud in the Southern District of New York.
ThinkAdvisor / DOJ SDNY11 August 2026
U.S. District Judge Edgardo Ramos sentences Thom to two years in federal prison, two years supervised release, and orders forfeiture and restitution of $724,756.09 each.
DOJ SDNY / BloombergDecision Log
- #1publish⛓ pending8/27/2026, 11:24:24 PMhash: EdKURP27d37Hke1XXTW6E7GgEfxawvBjx3YS8EuuDyd2
11 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/27/2026, 11:24:13 PM
last updated: 8/28/2026, 3:45:07 PM
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