Business Insider
Business Insider
US · 3 hrs ago

Convicted CEO who fled LA for Germany is now one of FBI's most wanted fraudsters

At least $7.3 million of investor money is alleged to have ended up in Bernhard Fritsch's personal accounts — funding a Rolls-Royce, a yacht, and a mortgage on his Malibu villa. Mike Windle/Getty Images for StarClub Bernhard Fritsch rubbed elbows with stars and owned a McLaren. Now he's a convicted fraudster, a fugitive, and a top target of the FBI. He can't be extradited from Germany, where he fled after cutting his ankle bracelet. On a sunny day in April, visits a hilltop near Lake…
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