Saturday 13 November 2010

accused of defrauding investors in 258 cases — financing a luxurious lifestyle, largely in the Spanish resort of Marbella

The Canadian Press: Man who fled trial for defrauding investors in Germany arrested in Panama: "Authorities say a man who fled Germany after he was put on trial for allegedly defrauding investors of €16 million ($22 million) has been arrested in Panama.
Investigators in the western state of Saarland said the 72-year-old was handed over to German officials on Monday and is now back in the country. They didn't identify him.
They said Thursday that the man fled last year, apparently fearing his fraud trial had got off to a bad start.
He is accused of defrauding investors in 258 cases — financing a luxurious lifestyle, largely in the Spanish resort of Marbella."

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