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...
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