Feeds

Fugitive Danish IT chief surrenders at LA copshop

Stein Bagger on Skid Row

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,

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.