A potential silver lining to finally being arrested Saturday in Florence, if Florian Homm is trying to look on the bright side.
Florian Homm, 53, was taken into custody by Italian police at 12:30 p.m. on March 8 at the world-famous museum that houses Sandro Botticelli’s Birth of Venus and Leonardo da Vinci’s Annunciation…Homm is accused in a criminal complaint filed March 6 in federal court in Los Angeles of defrauding investors in hedge funds he controlled, causing $200 million in losses. He is charged with four counts of conspiracy, wire fraud and securities fraud. He faces as long as 75 years in prison if convicted on all counts. The founder and former chief investment officer of Absolute Capital Management Holdings Ltd. is accused of “cross trading” billions of shares of penny stocks between the company’s funds to boost the value of the otherwise illiquid securities.
Homm recently published a book in German called “Rogue Financier: The Adventures of an Estranged Capitalist,” according to the affidavit. In the book, Homm, who is about 6 foot, 6 inches (2 meters) tall, wrote that he had “$500,000 stashed in my underwear, my briefcase and my cigar box,” when he left Palma de Mallorca on a private plane Sept. 18, 2007. His “mule and friend Giorgio” was carrying another $700,000, according to the translation in the affidavit. “As the jet climbed I was profoundly unsettled, my mind in a dense fog,” Homm said in the book, according to the court filing. “I was breaking all connections to my former existence: colleagues, clients, acquaintances, friends, bimbos, dogs, family and children, and annihilating my fast fortune in the process.” When he left Mallorca, Homm wrote, he packed the cash around his waist in the very tight Calvin Klein underwear he was wearing and on both sides of his genitals. The money added about 5 centimeters (2 inches) to his waist size, making him look like the “Michelin man,” Homm said, referring to the tire company’s advertising cartoon figure.
Fugitive Fund Manager Stuffed Underwear With Cash, Fled [Bloomberg]
Related: German Hedge Fund Manager Who Fled To South America And Lived Under An Assumed Name For 5 Years To “Find Meaning” In His Life Has Learned A Few Things
Bess, not to be a picker of nits but there's a typo in the " mules and friensd [sic] named Giorgio" tag. I only flag this since I see that tag getting a lot of play moving forward and want to be able to easily find my Giorgio related posts.
If the whores come back regardless of the cash, doesnt that just make them sluts?
There's always money in the banana stand
I've made a huge mistake
Nope, future ex-wives.
"Is that a half million in your pants or are you just happy to see me?"
Gordini Gecko?
Exactly
*banana hammock*
bimbos> dogs> family and children
He could have hid more money in his anal sack.
-Dr. Dennis Kneale
Calvin? Wh… Why do you keep calling me Calvin?
Well, that is your name, isn’t it? Calvin Klein? It’s written all over your underwear.
Disappointed to see 'very tight Calvin Klein underwear' has only had a single outing.
Soooo…replace "$500,000…" with "Quaaludes…" = Wolf of Wall Street
We can tell you enjoy a good cigar… when can you come in for a chat?
-John Thomas Financial HR
"The money added about 5 centimeters (2 inches) to his waist size, making him look like the 'Michelin man,' Homm said, referring to the tire company’s advertising cartoon figure."
What a comical image. I'll bet he looked positively silly.
Why did he have to pack the cash into his underwear if he was on a private plane?
At best, the extra inches around his waist made him look like an American hedge fund manager.
I bet that is a Ron Mexico cigar.
Obviously, you're not a golfer.
When Goldman Sachs Private Wealth Management called me back for interview number 19, I knew there was only 1 thing to do. I walked in confidently packing an extra 2 inches around the waist and gave them a smile. The interviewers returned the smile, got up, shook my hand and welcomed me to the firm.
He Einstein, there is a 6 year statue of limitations on securities fraud claims……thanks for the admission of guilt in your “self-published” “Rogue Financier”…..should have been titled “Gloating Idiot”.
—Future Homm Cellmate who does not wear underwear
Long over due, left like coward.
Ditto. You're gonna go far/be a big star.
- Pink Floyd