Danish CEO Surrenders On Fraud Charges
LOS ANGELES - A Danish executive wanted in his home country in connection with an $85 million corporate fraud scandal surrendered to police and was awaiting extradition to Denmark, authorities said.
Stein Bagger, the 41-year-old chief executive of Copenhagen-based software company IT Factory, walked into a downtown Los Angeles police station Saturday and told officers he was an international fugitive.
Police were initially skeptical of Bagger, who was recently named Danish Entrepreneur of the Year by Ernst & Young.
