Multi-millionaire fraudster and Liberal Democrat "leader" has been arrested in the Dominican Republic after going on the run, police said.
Clegg was sentenced to five years "coalition" after perpetrating his fraud at Westminster in 2010.
He completely fooled around seven million people to back the Lib Dems in the general election - based on the idea that he was the "leader" of a "proper political party which will bring honesty to British politics."
A City of London Police spokesman said: "We are pleased to hear that Nick Clegg has been detained by authorities in the Dominican Republic, and are currently establishing contact with them to find out further details about his arrest.
"Clearly, at some stage we will look for his return to the United Kingdom, so he can face the electorate for the fraud offences for which he has been convicted in this country."
An international manhunt was launched when Clegg went on the run after stealing nearly £10 billion from struggling students in the form of a "tuition fees scam".
He also posed as a highly successful political leader and claimed connections with the Prime Minister, David Cameron, to steal money from millions of public service pensioners.
He secretly used this' money to fund the record deficit he helped create through his unwise "investments", and also blew a large slice of his ill-gotten gains on an "extravagant" lifestyle as Deputy Prime Minister.
A Lib Dem spokesman said: "An Electoral Commission inquiry has found that the party accepted this man as leader in good faith, and were in no way at fault.
"It cleared the party of all wrongdoing and accepted that at the time of the leadership election Clegg had claimed to be honest and progressive."
"We had no idea he would turn out be a fraudster and a crook. We are seriously considering replacing him with someone with impeccable honesty, someone like Chris Huhne."