Fund manager faces money laundering charges
(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.
Category: Business
