Business: Con Man's End

Authorities seize "Carr's " Bermuda cash

You'd better come out, we know who you are!" bellowed the FBI agent standing outside the door to a $130-a-day suite at the smart Innisbrook resort complex at Tarpon Springs, Fla. So ended a two-week hunt for the elusive Alan Abrams, the bail-jumping Boston commodity-options con man (TIME, Jan. 30) who, it is charged, under the alias "James Carr" swindled U.S. investors out of as much as $75 million.

Abrams (an earlier identification of him by the FBI as "Abrahams" was wrong) will be extradited from Florida, where he had been hiding out with his wife...