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FBI tip-off lands German investor behind bars

The Local · 10 Mar 2013, 11:31

Published: 10 Mar 2013 11:31 GMT+01:00

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Just a week ago Florian Homm was speaking on Germany’s national Channel 2 station, ZDF. Now he is in detention and facing deportation to the United States, the paper wrote, saying it obtained some of its information from the Ansa Italian news agency.

In the US the Securities and Exchange Commission is seeking $56 million for €44 million from Homm, who is also facing criminal charge in Los Angeles carrying penalties of up to 75 years in jail.

Only last week Homm, who is the great nephew of catalogue sales giant Josef Neckermann, was speaking in a relaxed manner with Left party leader Sahra Wagenknecht in a talk show on the ZDF television station.

He was visiting a museum near Florence on Friday with his ex-wife and son when police found him, the newspaper said on Saturday.

News agencies reported that the tip about Homm's whereabouts came from the FBI, which relayed it to the US Consulate in Milan.

Story continues below…

Conspiracy and fraud charges are awaiting him in Los Angeles, where he is reported to have swindled investors using a sophisticated scheme that artificially pushed up the price of worthless stocks.

DPA/The Local/mw

The Local (news@thelocal.de)

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Your comments about this article

16:55 March 10, 2013 by raandy
Ah Mr Homm, you will be charged in Federal court, which has a 95+% conviction rate. Your money and expensive lawyers will do you no good. I would assume that there is no violence involved so you will most likely end up in a prison camp, with no walls or bars. You will get a sentence of between 48 and 60 months, with 12 days good time /year, and at least 2 years supervised release. Enjoy your stay at club Fed. :-)
21:37 March 10, 2013 by Vargaz
Practically speaking Mr. Homm, do what all white collar crooks do after bilking people out of $100 million or more in the US - get one high-priced lawyer and negotiate a plea deal with minimum jail time, if any, pay the fine of $56M, and smile as you say Guten Dag. You took in $200M so what's the problem? For tips on getting away with it speak to Anthony Mozillo of Countrywide who took millions of home buyers for billions, ruined their lives and the economy, made a $450M net fortune, paid a $65M fine, and made it home for supper.
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