Alfred Elliott, who failed to report to prison following a well-publicized 1989 conviction for insider trading, was finally tracked down in Phoenix, Ariz. by Assistant U.S. Attorney Joseph Stewart through computer records and some good detective work.
In the ensuing years, Elliott filed 29 lawsuits under an assumed name. It was his expertise in court matters that helped give him away, the Chicago Sun Times said.
Elliott, 59, who once boasted of being a multimillionaire, was sentenced to five years in prison for using inside information from his firm’s clients to make a killing in the stock market.
It was uncertain whether Elliott would be extradited or imprisoned in Arizona.