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Wednesday, May 1, 2013
Volume:
29
Issue:
5
Abstract:
On March 8, 2013, the U.S. Attorney’s Office for the Central District of California announced that Florian Wilhelm Jürgen Homm, a German hedge fund manager who was on the run for more than five years, was arrested in Italy on federal fraud charges that accuse him of directing a market manipulation scheme designed to artificially improve the performance of his funds, a fraud that led to at least $200 million in losses to investors around the world.[1]