The trials and travails of former hedge-fund manager Florian Homm have been well documented, not least of all by himself. Alas, those efforts apparently failed to reach Ukrainian billionaire, occasional adviser to the British government and, according to the FBI, unremittingly corrupt FOP (Friend of Putin) Dmytro Firtash.
Let us first recount Homm’s near-miss with having to face justice in the United States for allegedly fucking over investors in his Absolute Capital Management hedge fund. As said hedge fund was collapsing, Homm made a run for Colombia, a country in which he had previously been shot, and in which he hid out for a few years. During which years American authorities were building a case against him for the aforementioned fucking of investors, which probe produced a bunch of criminal charges a couple of years before FloHo emerged from hiding, conveniently in his country of birth, Germany, which conveniently does not extradite its nationals. But Homm just couldn’t live without a quick visit to the art treasures of Florence, which is in Italy, which has the disadvantages for Homm of being not his country of birth, and of being a country with an extradition treaty with America. Luckily for Homm, the Italian judicial system is such a mess that it couldn’t extradict him quickly enough and now he is safely ensconced in the Bundesrepublik, presumably for the rest of his mortal life.
The above story ended in June, when FloHo walked out of an Italian jail and immediately on to the first Lufthansa flight heading north of the Alps. Which means that Firtash has no excuse for having been in Austria, a country that (a) is not his own, (b) has a U.S. extradition treaty and (c) has a government he does not advise, no matter how wonderful the collections of the Kunsthistorisches Museum might be. Read more »
The Absolute Capital Management founder doesn’t mind hanging out and doing the Holy Mother’s work in his native Germany if it means he doesn’t have to explain to an American jury how that alleged $200 million penny-stock cross-trading system was totally legitimate business strategy, kind of like investing in a Berlin whorehouse. It may not be Majorca or Florence, but it’s a damned sight better than living on the run in Colombia or an Italian jail cell—and certainly an American one. Read more »
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. Read more »
The bits of wisdom Florian Homm picked up during his stay in Colombia, where he was getting some “me time” and not trying to distance himself from angry investors whose money he’d lost, can be found in the book he wrote about living underground (“Kopf Geld Jagd”), which he hopes will be a “hard-core wake-up call” readers who are “trying to get a second Mercedes and a bigger boat.” For those who can’t wait for the English version, from an interview with the Times we learn: Read more »
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