Wall Street Wonderland

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Thursday, August 10, 2006

Run, Angelo Run Run!


You can run, but you can’t run forever. Tell that to hedge fund scamster Angelo Haligiannis is believed to have cut his ankle bracelet tracking device before meeting with suspected getaway accomplices captured on closed-circuit video on a West Side street.

Feds are closing in on a network helping hide a fugitive hedge fund swindler and passing along the chemotherapy medications he needs to stay alive. Haligiannis, 33, who cheated investors in his Sterling Watters Group out of $78 million, has been on the run for nearly eight months after cutting off his ankle bracelet and disappearing on the eve of his federal court sentencing here - which would've locked him up for 10 years.

Haligiannis is believed to be out of the country, living the good life on at least $15 million in stolen cash he's told associates that he hid in numbered accounts in Greece and the Cayman Islands. He suffers from tumors attacking his nervous system, a life-threatening disease called neurofibromatosis, according to family members, and takes at least five medications daily to keep the tumors in check. Pharmacies here that once supplied his expensive chemotherapy treatments haven't had any orders for his drugs since he disappeared on a West Side street in January.

Closed circuit television photos show Haligiannis' last steps before disappearing came on W. 39th Street near 11th Avenue, where he double-parked a family member's Jeep Cherokee and abandoned it, leaving his cut-off ankle bracelet inside. The photos from a nearby business show he wasn't carrying any luggage as he stepped from the Jeep. He walked a few paces for a possible rendezvous with a mystery couple walking with him meeting on the sidewalk.

They all turned a corner together and disappeared from view. Haligiannis' New York State drivers license also surfaced recently at a Greek casino, where IDs must be presented for entry, said Greek authorities.

Anyone who knows of his whereabouts call 1-877-WANTED2

http://www.nypost.com/business/run_angelo_run_business_paul_tharp.htm

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