Ken Griffin moves Citadel from Chicago to Miami after crime charges

Billionaire Ken Griffin moves its large hedge fund firm Citadel from Chicago to Miami, the third major employer to announce the relocation of a Illinois headquarters in the past two months.

In a letter to employees Thursday that was seen by The Wall Street Journal, Mr. Griffin said that he had personally moved to Florida and that his marketing business, Citadel Securities, would also be transferred. He wrote that he sees Florida as a better business environment, and although he did not specifically mention crime as a factor, company officials said it was an assessment.