A German hedge-fund manager who had been a fugitive for over five years was arrested by Italian authorities on Friday, according to Bloomberg.
Florian Wilhelm Jurgen Homm, 53, allegedly caused losses of at least $200 million to investors in hedge funds operated by Absolute Capital Management Holdings Ltd. A criminal complaint was filed against Homm in federal court in Los Angeles, Calif. in March, charging him with conspiracy and fraud.
Bloomberg reports that Homm was arrested at the Uffizi Gallery in Florence, Italy, following a request from U.S. authorities.
