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Hans Joachim Schmidt

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November 6, 1987 | AL DELUGACH, Times Staff Writer
Accompanied by West German police, FBI agents went to a Hollywood apartment Wednesday night and arrested a man sought since March in a currency exchange fraud that allegedly cost the Volkswagen auto firm more than $275 million. Joachim Schmidt, 38, who was a currency exchange broker in Frankfurt, West Germany, had a "substantial" sum of money with him when arrested on a fugitive warrant at 1791 N. Sycamore Ave., the FBI said.
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BUSINESS
November 6, 1987 | AL DELUGACH, Times Staff Writer
Accompanied by West German police, FBI agents went to a Hollywood apartment Wednesday night and arrested a man sought since March in a currency exchange fraud that allegedly cost the Volkswagen auto firm more than $275 million. Joachim Schmidt, 38, who was a currency exchange broker in Frankfurt, West Germany, had a "substantial" sum of money with him when arrested on a fugitive warrant at 1791 N. Sycamore Ave., the FBI said.
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NEWS
November 5, 1987
A West German fugitive accused of participating in a scheme which defrauded Volkswagen out of $292 million has been arrested in Hollywood, the FBI said today Hans Joachim Schmidt, 38, had been sought since last March after West German authorities charged that he and other former Volkswagen employees defrauded the auto maker by manufacturing fake foreign currency deals. He was picked up Wednesday night at a Sycamore Avenue apartment.
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