Monday, March 11, 2013

Fugitive Fund Manager Stuffed Underwear With Cash, Fled

From Bloomberg: The German fugitive hedge fund manager who more than five years ago fled the Spanish island of Mallorca with $500,000 hidden in his underwear and luggage faces U.S. charges after his arrest at the Uffizi Gallery in Florence.

Florian Homm, 53, was taken into custody by Italian police at 12:30 p.m. on March 8 at the world-famous museum that houses Sandro Botticelli’s Birth of Venus and Leonardo da Vinci’s Annunciation.

The arrest, by Homm’s own account as well as that of U.S. prosecutors, followed his 2007 decision to leave behind a life of wealth, castles and “bimbos.” During his escape, he held a Liberian diplomatic passport as well as German and Irish passports, according to the Federal Bureau of Investigation.

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