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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Smartypts who wrote (61446)10/25/2000 7:48:43 PM
From: StockDung  Read Replies (2) | Respond to of 122087
 
"Isaac Winehouse 125,000* Sholom Weiss 125,000* Remember Isaac, you can add 30 points to the CYBR IQ test if you know the whereabouts of Shalom Weiss!!"
Message 13828624

Fugitive Financier Weiss Found; Faces 845-Year Prison Term


Tampa, Florida, Oct. 25 (Bloomberg) -- Shalom Weiss, a financier who has been on the run since his conviction last November for racketeering and fraud linked to the collapse of the National Heritage Life Insurance Company, was found and now faces a 845-year prison term.

Weiss, 46, was arrested yesterday in Vienna, the U.S. Federal Bureau of Investigation said. National Heritage collapsed in 1994 with losses of more than $400 million, authorities said.

Investigators' search for Weiss went across three continents and numerous countries.

``Fugitives may run, but with this kind of international cooperation, they cannot hide,'' said Frank Gallagher, the special agent in charge of the Tampa division of the FBI.

Weiss disappeared in October 1999, shortly before the end of his nine-month trial in federal court in Orlando, Florida. He was convicted in absentia of 78 charges, including conspiracy, wire fraud, money laundering and obstruction of justice.

Fourteen other individuals have been convicted in relation to the National Heritage collapse, the FBI said. Less than $150 million has been recovered.

Oct/25/2000 15:27 ET

For more stories from Bloomberg News, click here.

(C) Copyright 2000 Bloomberg L.P.