We hope the Absolute Capital Management founder got a really good look at whatever masterpieces he went to the Uffizi to see, because he’s not likely to get back to Florence any time soon. Or, for that matter, Colombia, where he spent five years on the run despite being shot in the country in 2006. Or any other country with an extradition treaty with the U.S., which wants to have a chat with him about an alleged $200 million penny-stock cross-trading scam.

Florian Homm, facing charges that could have effectively led to life imprisonment, was set free from a jail in Pisa after the Italian supreme court ruled late Tuesday that he had been held longer than allowed, said Jan L. Handzlik, a lawyer in Los Angeles who represents Mr. Homm.

Mr. Homm, jailed since early last year, returned to Germany, Mr. Handzlik said, where he is apparently safe from extradition. “We are gratified by the court’s ruling and delighted that Florian’s 14-month nightmare has come to an end,” Mr. Handzlik said in an email….

The release appears to have taken place without advance notice to United States prosecutors, who accused Mr. Homm of defrauding clients of $200 million.

Indicted German Financier Freed in Italy [DealBook]
German financier, indicted in US for fraud, freed in Italy: lawyer [Reuters]

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Comments (5)

  1. Posted by CatamiteCapital | June 5, 2014 at 1:11 PM

    Something that could have been brought to my attention years ago!
    – Amanda Knox

  2. Posted by UFOinsider | June 5, 2014 at 2:03 PM

    "US prosecutors have launched an investigation into a large Italian bank that could lead to even bigger penalties than those seen by BNP"

    – tomorrow's news

  3. Posted by F B | June 8, 2014 at 11:03 AM

    Could this have something to do with the 2nd world war link between
    Italy and Germany or perhaps the European Union?

  4. Posted by F B | June 13, 2014 at 5:12 PM

    Personally I'm ok with florian homm, as soon as he returns the money
    he owes.

  5. Posted by Jeep | December 3, 2014 at 1:53 PM

    In every picture , he's always smoking a Johnson