(Reuters) – German hedge fund manager Florian Homm, whom had been a fugitive for over five years, was arrested inside Italy about U.S. scam charges, according to a statement within the U.S. attorney’s workplace inside Los Angeles. Homm, 53, the founder plus chief investment officer of Absolute Capital Management Holdings Ltd, is accused of orchestrating a marketplace manipulation scheme to artificially better the performance of his funds, a scam which led to at minimum $ 210 million inside losses to investors. He was arrested Friday at the Uffizi Gallery art museum inside Florence. …
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