Police Nab Head Of Bankrupt Hedge Fund

Law360, New York (July 10, 2007, 12:00 AM EDT) -- Former investment manager Michael Berger was caught Friday, five years after the U.S. Securities and Exchange Commission convicted him of securities fraud and seven years after his hedge fund went bust.

Austria's federal police apprehended Berger while he drove toward Salzburg, said police spokesman Gerald Hesztera.

"He was in hiding. It took a quite a long time until we hit on where he was," said Hesztera, according to Reuters. He would not comment further on the circumstances of the discovery but said the Austrian police and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.