Feeds

Fugitive Danish IT chief surrenders at LA copshop

Stein Bagger on Skid Row

Boost IT visibility and business value

Stein Bagger, the boss of bankrupt Danish IBM reseller IT Factory, who has been on the run after being linked to a huge alleged fraud, turned himself in at a Los Angeles police station on Saturday.

"I am Stein Bagger. I'm a fugitive from Europe and I'm here to turn myself in," The LA Times reports he said to the desk officer at a station near Skid Row. The police did not believe him, it's reported, until they noticed his Rolex watch and Armani suit.

LAPD said a computer check confirmed Bagger was wanted by Interpol on charges of counterfeiting, forgery and fraud. He was turned over to US federal authorities on Saturday evening. According to Danish state TV today, witnesses said he has already landed in Copenhagen, although fraud investigators refused to confirm the reports.

Bagger vanished on a trip to Dubai with his wife on November 27. It's reported he told the LAPD that he flew to New York, borrowed a friend's credit card and Audi and drove across the US to Los Angeles, checking into the Hollywood Best Western motel on Friday night.

When he decided to surrender himself on Saturday morning he reportedly typed "police" into the Audi's satnav, which led him to LAPD's Central Division station, the first to come up alphabetically. Bagger told officers he had been the victim of a plot, according to the The LA Times.

IT Factory's chairman Asger Jensby applied for corporate bankruptcy on the same day Bagger disappeared, alleging his signature had been forged on company documents. Police have since been seeking the Ernst & Young Danish Entrepreneur of the Year in connection with an $85m hole in IT Factory accounts.

The scandal has gripped Denmark, where Bagger was a well-known and flamboyant business figure. "We've had several people come in and tell us they were the king of Denmark," said LAPD officer Jack Richter, explaining his initial incredulity when the fugitive announced himself. ®

Update

The Danish Serious Fraud Office has confirmed Bagger is not yet in the country,

The Essential Guide to IT Transformation

More from The Register

next story
Just TWO climate committee MPs contradict IPCC: The two with SCIENCE degrees
'Greenhouse effect is real, but as for the rest of it ...'
'Blow it up': Plods pop round for chat with Commonwealth Games tweeter
You'd better not be talking about the council's housing plans
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
Adam Afriyie MP: Smart meters are NOT so smart
Mega-costly gas 'n' 'leccy totting-up tech not worth it - Tory MP
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.