Arrest Ends Golden Gate REIT Schemer's Fugitive Flight

Law360, New York (November 4, 2011, 3:59 PM EDT) -- After months on the run, a fugitive businessman who was convicted of defrauding investors out of millions through his Golden Gate Real Estate Investment Trust has finally been caught, prosecutors revealed Thursday.

Michael R. Rouse was apprehended by deputy U.S. Marshals in Fort Lauderdale, Fla., putting an end to his fugitive days, which began shortly after his April conviction in Texas on securities fraud and other charges, according to the Florida district attorney's office.

Prosecutors allege that during the height of the 2003-2004 housing boom, Rouse...
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