Police say 53-year-old Detlef Spiess was arrested Saturday in the Caribbean nation’s tourist town of Boca Chica.
A statement Sunday from the Immigration Department says Spiess will be handed over to German authorities for repatriation. Officials decline to say how long he has been in the Dominican Republic.
Police say Spiess was named in an arrest warrant issued by a court in the German city of Wiesbaden.
They say the purported scheme allegedly defrauded investors in Germany, Belgium and