Reuters – Italian police have arrested a former university lecturer and ex-hedge fund manager who was fined 3 million pounds ($5.1 million) in 2012 for concealing massive losses to investors, Milan prosecutors said on Wednesday.
In a statement, prosecutors said they had also issued arrest warrants for 14 associates of Alberto Micalizzi, who has been dubbed by the Italian press as the Italian equivalent to U.S. fraudster Bernie Madoff.
