Legal News

German Investor Arrested in Italy; to Be Extradited to U.S., Felt His Life Is Like that of St. Paul
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

On Friday, the Italian police arrested Florian Homm, a German investor who has spent more than five years in hiding, and is alleged to have perpetrated a fraud leading to at least $200 million losses to investors.

Homm, who is a graduate of Harvard Business School, vanished from his luxury villa on the island of Majorca, in 2007. In an interview given last November to a German newspaper, Homm had expressed his wish to repent and compared himself to Saint Paul who finds the light and repents of the life he had formerly led.

Homm published a recent autobiography in German with the English title “The Rogue Financier: Adventures of an Estranged Capitalist.” In the book, he tells of his adventures and how he continued to escape an international headhunt. Homm has also established a big charity in Germany to serve vaccines cheap for life-threatening diseases.


However, the FBI, who tipped off the Italian police about Homm’s whereabouts are more concerned with the adventures of Homm, which he didn’t talk much about in his book.

According to the criminal complaint against Homm in the U.S. District Court in Los Angeles, Homm had directed hedge funds and purchased billions of U.S.-based penny stocks and then traded them among themselves and inflating their prices. This is how he inflated the asset values of his funds and obtained additional fees for himself and his company.

Homm, who is almost two meters tall, dumped millions of dollars’ worth of his own shares in his company, Absolute Capital Management Holdings Ltd, and caused terrible losses to investors.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

In his home country, Homm is something of a hero remembered for saving the country’s most famous soccer teams from bankruptcy, and is also seen as a symbol of the kind of corporate greed that pushed the country into financial crisis during 2008-2009.

Italy is expected to extradite Homm to the United States.



Family Law Attorney


What does an Attorney do at MFL? Perform consultations with potential clients and retain them ...

Apply now

Associate Attorney

USA-CA-Newport Beach

Smith Smith & Feeley LLP is an AV-rated law firm located in Newport Beach, California, with a specia...

Apply now

Family Law Attorney

USA-CA-San Jose

Why we think we’re the best… Here are some highlights of our amazing culture, perks, ...

Apply now

Immigration Attorney

USA-LA-New Orleans

  Maria Cordero --   A Law firm in Gretna, LA is looking for an Immigration at...

Apply now




Search Now

Mid-level Corporate Associate Attorney


Napa office of a BCG Attorney Search Top Ranked Law Firm seeks a mid-level corporate associate attor...

Apply Now

Liability Defense Attorney

USA-FL-Fort Lauderdale

Ft. Lauderdale office of our client seeks liability defense attorney with 3+ years of insurance defe...

Apply Now

Litigation Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate attorne...

Apply Now

Most Popular


To Top