Danish fugitive turns himself in to LAPD - The man walked into a Los Angeles police station, wearing an Armani jacket and a Rolex, and admitted he was wanted for an alleged $170-million scam involving his technology firm.
Tags: News
In Denmark, Stein Bagger's spectacular fall from technology golden boy to alleged scam artist and international fugitive has captivated many of the country's 5 million residents. His purported fraud, said to be as high as $170 million, is the biggest scandal in 20 years.
But when Bagger, 41, strode into the Los Angeles police station near skid row on Saturday morning, officers wondered whether he was delusional.
"I am Stein Bagger," the man said, putting his hands on the counter. "I'm a fugitive from Europe and I'm here to turn myself in."
Skeptical officers took the lean, 6-foot man back for questioning.
"We've had several people come in and tell us they were the king of Denmark," explained Officer Jack Richter.
But as Bagger leaned across a desk, the sleeve of his black Armani jacket crept up to reveal a Rolex watch. A computer search turned up an Interpol warrant for his arrest on charges of counterfeiting, forgery and fraud, according to the LAPD.
Bagger was turned over to federal authorities Saturday night and held at the Metropolitan Detention Center.
Read the rest of it here. http://www.latimes.com/news/local/la-me-danish7-2008dec07,0,7625078.story
You might think that this is the final chapter about Stein Bagger but, as Kit said, I doubt this is the end of the story.
In Denmark, Stein Bagger's spectacular fall from technology golden boy to alleged scam artist and international fugitive has captivated many of the country's 5 million residents. His purported fraud, said to be as high as $170 million, is the biggest scandal in 20 years.
But when Bagger, 41, strode into the Los Angeles police station near skid row on Saturday morning, officers wondered whether he was delusional.
"I am Stein Bagger," the man said, putting his hands on the counter. "I'm a fugitive from Europe and I'm here to turn myself in."
Skeptical officers took the lean, 6-foot man back for questioning.
"We've had several people come in and tell us they were the king of Denmark," explained Officer Jack Richter.
But as Bagger leaned across a desk, the sleeve of his black Armani jacket crept up to reveal a Rolex watch. A computer search turned up an Interpol warrant for his arrest on charges of counterfeiting, forgery and fraud, according to the LAPD.
Bagger was turned over to federal authorities Saturday night and held at the Metropolitan Detention Center.
Read the rest of it here. http://www.latimes.com/news/local/la-me-danish7-2008dec07,0,7625078.story
You might think that this is the final chapter about Stein Bagger but, as Kit said, I doubt this is the end of the story.