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## Edina Financial Advisor Faces Wire Fraud Charges

A 47-year-old Edina financial advisor, Kristi Berge, is facing one count of wire fraud for allegedly misappropriating $1.6 million of her clients’ funds over a nearly three-year period. Berge was the founder and CEO of Keep Safe Investments (KSI Financial) and J&K Connect LLC, both Edina-based companies that focused on real estate investments.

The U.S. Department of Justice reports that between June 2020 and February 2023, Berge assured her clients that their money was secure in investment accounts. However, she secretly withdrew varying amounts, ranging from $5,000 to $220,000, and redirected the funds to her personal bank accounts. To conceal her actions, Berge classified these transfers as “management” or “administrative” fees and falsified financial records to suggest that the withdrawals were legitimate.

Berge is scheduled to appear in court for the first time on March 7. The scale of her alleged fraud has caused shockwaves in the local financial community and raised concerns about the oversight and regulation of investment advisors.

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