Polish police arrest US fugitive wanted by FBI for money laundering and fraud
{{#rendered}} {{/rendered}}WARSAW, Poland (AP) — U.S. officials say an American fugitive wanted for money laundering and other financial fraud has been arrested in Poland.
The U.S. Embassy said Wednesday that Polish police arrested Alexsander Efrosman, a businessman from Staten Island, New York, in Krakow last weekend.
The U.S. Commodity Futures Trading Commission said in a complaint filed in 2005 that Efrosman, who also goes by Alex Besser, stole about $5 million from customers of two fraudulent hedge funds that he claimed to manage, Century Maxim Fund, Inc. and AJR Capital Inc.
{{#rendered}} {{/rendered}}The commission says Efrosman allegedly provided customers with fictitious financial statements for trades that never occurred, and that those faked statements were used to solicit new customers.