Tuesday, November 13, 2012

Suspect in Detroit pension fund surrenders

Detroit — A fugitive businesswoman accused of stealing $5 million from a Detroit pension fund — and blowing the cash on exotic art and jewelry — turned herself in Tuesday, ending an eight-month manhunt stretching from Detroit to the Caribbean.

Teresa Kastanes was escorted off the plane by agents from the Office of Homeland Security at 5:43 a.m. after flying from Managua, Nicaragua, to Fort Lauderdale, Fla.

The South Carolina woman is being transported to a federal court in Fort Lauderdale where she will make an appearance in front of a bankruptcy judge later Tuesday, her lawyer told The Detroit News on Monday.

By Robert Snell
From The Detroit News:

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