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Fugitive hedge fund manager facing charges in California captured at art gallery in Italy

Canadian Press, The Canadian Press
0 Comments| March 8, 2013

LOS ANGELES, Calif. - U.S. authorities in California say a fugitive German hedge fund manager has been arrested in Italy for allegedly orchestrating a stock manipulation scheme that led to at least $200 million in losses to investors across the world.

Federal prosecutors say 53-year-old Florian Wilhelm Jurgen Homm was arrested Friday at the Uffizi Gallery in Florence. Homm has been charged in Los Angeles with four counts, including conspiracy to commit wire fraud and conspiracy to commit securities fraud.

© The Canadian Press, 2013

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