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Florian Homm Was Just Trying To Protect His Money When He Started Handing It Out To Friends, Lending It To Brothel Owners, Shoving It In His Underwear

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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.

Mr. Homm distributed millions of euros among various trusted friends or business partners in the weeks before he fled Majorca in 2007 aboard his private plane….

“I was trying to protect my money, so what?” Mr. Homm said, speaking last week at a borrowed office in Frankfurt in the presence of Jan L. Handzlik, his Los Angeles lawyer. He added, “If anybody doubts I had enemies, they should maybe retire to the moon.”

Florian Homm, Toppled Financier, Finds Safe Harbor in Germany [NYT]


By Federal Bureau of Prisons ( [Public domain], via Wikimedia Commons

Someone Is Going To Jail For Florian Homm’s Crimes

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By Claygate at en.wikipedia [Public domain], from Wikimedia Commons

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