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To: Little Joe who wrote (47198)1/19/2000 10:57:00 AM
From: long-gone  Respond to of 116790
 
Would this be classed as "more bad press":


Tuesday January 18, 1:57 pm Eastern Time
Financier Martin Frankel Indicted
HAMBURG, Germany (AP) -- Martin Frankel, the financier awaiting extradition to the United States for allegedly bilking more than $200 million from U.S. insurance companies, was indicted Tuesday by German prosecutors for possessing phony passports.

A spokesman for the Hamburg prosecutors' office, Ruediger Bagger, said the relatively minor charges in Germany would not prevent Frankel from being returned if Washington's extradition request receives final approval from the state court and federal government.

Bagger declined to speculate on when a decision might be made.

Frankel has been held in Hamburg since his arrest Sept. 4 ended a four-month international manhunt. U.S. prosecutors charge he ran an enterprise that bought insurance companies in five states and used their cash reserves to purchase mansions, cars, diamonds and gold.
(cont)
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