Fund manager faces money laundering charges

| 30/10/2009

(Sun Sentinel): A German financial manager based in Miami was arrested on money-laundering charges Wednesday as part of a sweeping criminal investigation into an international hedge fund that has cost major banks about $400 million in losses, according to sources familiar with the probe. Stefan R. Seuss, has been charged in connection with a global criminal investigation into the German hedge fund, K1 Group, headed by Helmut Kiener, according to sources familiar with case. Kiener’s home in Germany was raided by authorities Wednesday.

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