Monday, July 9, 2007

Banker sought in $400 mln fraud caught after 5 years

(Reuters) - Michael Berger, an Austrian national who pleaded guilty to charges of securities fraud in a Manhattan court in 2000 and then went fugitive in March 2002, was arrested while driving towards Salzburg.




"He was in hiding. It took a quite a long time until we hit on where he was," said Gerald Hesztera, spokesman for Austria's federal police.


Read more at Reuters.com Business News

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