Anthony @ Equity Investigations, Dear Anthony, Message Board

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To: summerboy who wrote (44119)	9/5/1999 6:48:00 AM
From: ayn rand	Read Replies (2) of 122087

NEW HAVEN, Conn., Sept. 4 Missing money manager Martin Frankel, accused of embezzling millions of dollars to fund his reclusive yet luxurious lifestyle, was arrested Saturday in Germany. "You got me", Frankel said as the FBI and German police arrested him at the upscale Hotel Prem in Hamburg, Germany, FBI Special Agent Michael Wolf said Saturday. msnbc.com Regulators say Frankel stole at least $218 million from the insurers, but a lawsuit filed by some of the companies puts the loss at $915 million. Also missing is as much as $1.98 billion from the St. Francis of Assisi Foundation, which investigators say was established by Frankel in the British Virgin Islands last August Frankel has been described by some investors as the Hugh Hefner of high finance, keeping a live-in retinue of young women he met through personal ads. Frankel has described some of them as ex-girlfriends, but it isn't clear how many of the women he had sexual relationships with. At least some of the women performed office work at Frankel's unlicensed securities brokerage. Investors say Frankel was gangly and neurotic, but offered an impressive biography and dedication, and that charmed them into trusting him with their money.

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