Feeds

Fugitive Danish IT chief surrenders at LA copshop

Stein Bagger on Skid Row

Designing a Defense for Mobile Applications

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,

Securing Web Applications Made Simple and Scalable

More from The Register

next story
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
MPs wave through Blighty's 'EMERGENCY' surveillance laws
Only 49 politcos voted against DRIP bill
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Delaware pair nabbed for getting saucy atop Mexican eatery
Burrito meets soft taco in alleged rooftop romp outrage
LightSquared backer sues FCC over spectrum shindy
Why, we might as well have been buying AIR
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.