How florian homm stole $200M (& escaped the FBI most wanted list)

 In September 2007, Homm abruptly announced his resignation as the head of Absolute Capital Management and disappeared.

After his resignation, Homm was accused by the remaining management of his company of having valued many of the assets much higher than their actual value. He was supposedly on the run with over 150 million euro.[9] The Absolute Capital Management stock lost 93% of its value up until June 2008.[11]

On 25 February 2011, the US Securities and Exchange Commission (SEC) filed civil charges against Florian Homm and Todd M. Ficeto. According to the complaint, Homm's various companies engaged in secretly coordinated bogus trades of penny stocks to drive up the stocks' prices and thereby the value of his hedge fund, a technique known as "portfolio pumping".[12]

On 6 March 2013, Homm was criminally charged with investment fraud in federal court in Los Angeles. According to the complaint, he had caused $200 million in losses. On 8 March, he was arrested in Florence, Italy,[13] where he had gone to meet his ex-wife and son,[4] who live in Florida. The Italian police had been tipped off by the FBI.[14]

Homm's lawyers fought extradition by pointing to his suffering from multiple sclerosis. After an expert testified that the disease was at an early to intermediate stage and did not prevent incarceration, the Court of Cassation in Rome ruled on 9 January 2014 that he could be extradited.[14] On 23 June 2014, Homm was released from prison in Italy, after a court ruled that the period he could be held for extradition had expired. He returned to his native Germany.[15] Germany does not extradite German citizens.

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