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FBI Arrests Fugitive Embezzler in Japan

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Associated Press

A financial planner who disappeared with $25 million and left notes of apology for his former clients was arrested as a fugitive Saturday in Japan after being expelled from Taiwan, FBI agents said.

Henry Gherman, 52, has been a fugitive since August on charges of embezzlement and mail fraud.

When he was arrested by FBI agents as he got off a plane in Tokyo, Gherman was carrying $20,000 to $30,000 in U.S. money and “a sizable amount of Taiwanese currency,” said FBI agent William Wells, who is in charge of the agency’s Miami office.

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May Affect 50 Investors

Gherman is accused of masterminding a scheme that may have swindled nearly 50 investors, U.S. Atty. Dexter Lehtinen said in a federal complaint filed Aug. 29.

Gherman sent handwritten notes of apology to his clients when he dropped out of sight Aug. 10.

In addition to individual investors, Gherman had a “longstanding pattern of embezzlement” from about 25 professional associations handling pension funds and other assets for members, Lehtinen said.

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