So I checked him out on Wikipedia (yeah, I know it's a left of center site).
Anyway, from Wikipedia:
(snip) In 1999, Japanese fraud investigators determined that Armstrong had been collecting money from Japanese investors, improperly “commingling” these funds with funds from other investors, and using the fresh money to cover losses he had incurred while trading.
Armstrong was indicted in 1999, and was ordered by Judge Richard Owen to turn over a number of gold bars, computers, and antiquities that had been bought with the fund's money
He pleaded guilty and was sentenced to five more years in prison.
So maybe this guy is a financial genius. But he is also a criminal who specialized in fraud.
Watch the video at the linked site. They basically were saying he would never get out of prison unless he confessed. Interesting info on the video regarding Germany. He makes sense. Too much sense.