The Hunt Is Over: Hedge Fund Fugitive Arrested In Greece

Sep 19 2007 | 4:06pm ET

A fugitive hedge fund manager who was convicted in the U.S. last year of defrauding investors out of $78 million was rearrested yesterday in Greece where he has been hiding from U.S. authorities.
 
Following his conviction in January 2006, Angelo Haligiannis, 35, who ran New York-based hedge fund Sterling Waters Group, cut his ankle bracelet, left it in an abandoned Jeep Cherokee in midtown Manhattan, and fled the U.S. He had been facing up to a decade behind bars for running a Ponzi scheme.
 
Haligiannis was arrested on Tuesday and has been charged with new crimes unrelated to previous charges filed in New York, according to a spokesman for the U.S. Marshals service.
 
Last month, Haligiannis was seen by someone he had scammed in the lobby of a luxury hotel in Crete. The man reported him to the local police, but Greek authorities refused to hold Haligiannis, saying that a Greek citizen—which he is—cannot face extradition to the U.S. for white-collar crimes. Then, this month, another alleged victim, this one located in Greece, filed a fraud complaint and Haligiannis was re-arrested.
 
There is no word on whether Haligiannis will face extradition to the U.S. this time around.
 


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.