Fugitive Hedge Funder Indicted For $200M Securities Fraud

Law360, Los Angeles (March 20, 2013, 9:26 PM EDT) -- After more than five years on the run, the founder of Cayman Islands-based Absolute Capital Management Holdings Ltd. was indicted Tuesday on federal fraud charges for his alleged role in a stock manipulation scheme that caused approximately $200 million in losses to investors, according to prosecutors.

The 10-count indictment against Florian Wilhelm Juergen Homm, handed down Tuesday by a federal grand jury in Los Angeles, comes less than two weeks after the German hedge fund manager accused of “portfolio pumping” was arrested in an art museum...
To view the full article, register now.