Well, dang!

No details as yet, but FBI reports are that Stanford has been located in Fredericksburg, Virginia.

UPDATE: Still free, fraud papers served.

- MDT

Labels: fugitive, ponzi, R. Allen Stanford

Long time readers know that there is nothing I love more than a white collar crook on the run.... Angelo, Kobe, Heinrich, Sam, Raul, that guy that jumped out of the plane - you guys are like my children.

Now it looks like we'll be welcoming a new member of the family - Sir Allen Stanford, whereabouts unknown.

See also... "seven shocking secrets" about Stanford that, across the board, reflect quite poorly about out financial regulatory apparatus.

-- MDT

Labels: fugitive, R. Allen Stanford

There are some authorities in Ireland who would like to speak with him about a few things. A locally drafted P.I. has yet to track him down.

-- MDT

Labels: fugitive, IIB Bank, Thomas Byrne

As white collar fugitive bolt-holes go, this is so, soooo weak. Rolling into the police station on a Yamaha scooter because his mama told him to? Seriously? This is our $2 trillion arch criminal mastermind?

I am so deflated.

-- MDT

Labels: Bayou Group, fugitive, hedge fund, Sam Israel

And here I hoped that the fugitive hedge fiend show would run all summer long...

I guess I'm back to Matlock reruns. That and Season Three of The Wire!

-- MDT

Labels: Bayou Group, fugitive, Sam Israel

The Feds seem all but certain that the Bayou hedge fund founder's suicide was mere window dressing to a disappearing act.

I must confess... I love it when they run. As to why he'd run? If you need a reminder, try Bloomberg. Something to do with starting a 20 year prison sentence, I'd think.

-- MDT

Labels: Bayou Group, Fraud, fugitive, hedge fund, Sam Israel, suicide

Angelo Haligiannis is a colorful characters. He, until recently, was also a fugitive, on the run from fraud charges in New York state. Of course, for Haligiannis, on the run included more yachts, cocktails and fancy hotels than your average fugitive.

The former president of hedge fund Sterling Watters, Haligiannis had been arrested just recently by Greek authorities, only to be released prior to extradition to the U.S. Haligiannis was picked up again this week in Greece while passing through a tollbooth. We'll see if he makes it back to the U.S. this time.

-- MDT

Labels: Angelo Haligiannis, Fraud, fugitive, hedge fund

Charles Elliott Fitzgerald has been on the run since 2003, when he disappeared from California along with $550 million dollars he swindled from mortgage lenders in phoney real estate deals. It was known all along by authorities that Fitzgerald had family in the pacific islands but for several years his location remained unknown.

Fitzgerald (an extremely odd duck) probably would have remained free indefinitely were it not for Trever Morley, a Wellington, New Zealand based private investigator. Morely was hired by an American client to track down Fitzgerald and the former police inspector managed to do that very thing. He found Fitzgerald in Samoa and informed his client who notified the FBI.

Fitzgerald was deported and is now back in California awaiting trial on bank fraud and money laundering. Kudos Morley!

Several Fitzgerald accomplices have already plead guilty and are awaiting sentencing, including:

Mark Abrams, 45, of Long Beach, CA
Nicole LaViolette, 37, of Palm Springs, CA
Jamieson Matykowski, 33, of Laguna Niguel, CA
Timothy Holland, 35, of Santa Ana, CA

Further details on Fitzgerald's scam and the current case, check out this December 13th post from RealBlogging.

-- MDT

Labels: Charles Elliott Fitzgerald, FBI, fugitive, money laundering, New Zealand, Samoa, Trevor Morley

And you thought backdating stock options was boring:

The hunt for Jacob Alexander, known as Kobi, was stepped up yesterday after the FBI declared him a fugitive. Alexander, 54, the former chief executive of the communications software company Comverse, was charged last week by federal prosecutors in Brooklyn with conspiracy to commit securities fraud.

He and two other former Comverse executives were charged in connection with their alleged involvement in a stock options scheme that, prosecutors said, used a secret slush fund to dole out options to favoured employees.

Two of the former executives showed up at their arraignment last week, but Alexander did not. The FBI also said yesterday that a red notice was issued for Alexander with the international police organisation Interpol.

More here. And click here for the FBI release on the Comverse three.

-- MDT

Labels: Comverse, fugitive, Kobie Alexander