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"Rogue financier" Homm indicted in U.S. in $200 million fraud

By Jonathan Stempel (Reuters) - Florian Homm, a flamboyant hedge fund manager who was arrested in Italy this month after five years on the run, has been indicted by a federal grand jury in Los Angeles for running what prosecutors called a fraud that caused investors to lose $200 million (132.3 million pounds). Homm, 53, was charged in an indictment made public on Wednesday with eight counts of securities fraud, one count of wire fraud, and one count of conspiracy.

Arrested "rogue financier" led colourful life

By Gareth Jones BERLIN, March 10 (Reuters) - The Uffizi Gallery in Florence provided a fittingly lavish backdrop for the arrest on fraud charges of Florian Homm, a flamboyant German financier who has spent more than five years in hiding. U.S. authorities accuse the former hedge fund manager of orchestrating a market manipulation scheme to artificially improve the performance of his funds, a fraud that led to at least $200 million in losses to investors.
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