Toomre Capital Markets LLC

The Wall Street Journal reports on Wednesday, May 17 2006 that Kirk S. Wright, the former head of International Management Associates, a hedge fund which appears to be missing more than $100 million in investor funds, was arrested in Miami Beach after being on the lam for more than six weeks. The story states:

Kirk S. Wright, founder and CEO of International Management Associates LLC, was apprehended at a Miami hotel after authorities received "numerous leads from across the country," said Stephen Emmett, a spokesman in the FBI's Atlanta office. Mr. Wright, 35 years old, was charged with criminal mail fraud in Atlanta in late March. Mr. Wright's investors, including several former professional football players, invested more than $110 million in the firm's funds since Mr. Wright started the firm in 1996. To date, authorities and creditors have located less than $200,000.

A Feb. 17 story in The Wall Street Journal detailed several investors' inability to withdraw their money from the firm's funds. State and federal regulators subsequently stepped up investigations into the firm. According to one person familiar with Mr. Wright's arrest Wednesday, he was apprehended with more than $28,000 in cash, and a Mercedes vehicle. Mr. Emmett, the FBI spokesman, said he wasn't immediately able to confirm these details. At the time of his arrest, Mr. Wright's wife was also present, according to people familiar with the matter.