A word to the not-so-wise was obviously not sufficient. Last year, a federal judge froze the assets John Kim of failed Florida hedge fund KL Financial and ordered him to sell his condo in South Korea and put that money into the kitty for investors. Kim obviously didn’t warm up to the freeze, and instead, according to the Palm Beach Post, proceeded to sell his wife’s Mercedes Benz for $70,000 and started trading futures again. Well, Kim lost that money, and then hocked his Porsche and took the proceeds from the condo sale and invested again in futures. And gained at first – and then lost, again. This time, the Securities and Exchange Commission and court-appointed receiver Guy Lewis have charged Kim with contempt of court for violating the asset freeze – which could land him in jail. “I had nothing, absolutely nothing,” the troubled hedgie told the Post. “We had no money, and I had to put food on the table for my family. We were literally rationing our food. In hindsight, I wished I didn’t do certain things.” Indeed, especially since the Post reports that Lewis gave Kim $35,000 for living expenses last year and a bank statement shows debits of nearly $6,000 for expensive consumer items.