The company describes itself as a “brand and product house of the next generation”.
(Photo: Social Chain AG)
Berlin, Dusseldorf The financial regulator Bafin has identified two incorrect bookings worth millions in the balance sheet for 2021 of the online trading company Social Chain AG. Its CEO Georg Kofler, 65, and ex-CEO Ralf Dümmel, 56, have become known to a wide audience as jurors on the TV show “Die Höhle der Löwen”.
While the ex-Pro-Sieben board member Kofler and his partner Dümmel once sounded out young entrepreneurs together in the talent show, they now had to answer questions themselves. The Bafin announced on Wednesday that Social Chain AG had “incorrectly recorded payments received from taking out a bank loan in the amount of 50 million euros as cash flow from operating activities”.
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