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German Hedge-Fund Manager Homm Indicted

Nasdaq – Florian Homm, the former hedge-fund manager who was arrested earlier this month at the Uffizi Gallery in Florence, was indicted in the U.S. on fraud charges stemming from accusations he caused his investors $200 million in losses.

The 53-year-old German national was indicted on 10 counts, including eight counts of securities fraud, according to the U.S. attorney’s office in Los Angeles. If Mr. Homm is convicted, he would turn over to the U.S. “any and all property” that stems from any crimes he is found guilty of committing.

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