Tag: Investment fraud
Creditors provide 940 million euros of fresh capital
Stephen Kirsten The head of the board of directors of the badly hit real estate group has only been in office since February 2022 and has been in permanent crisis…
Prosecutors fail with charges against ex-bosses of North Channel Bank
North Channel Bank The money house is located in the Bonifazius Towers in Mainz. (Photo: Thomas Kohler) Dusseldorf The district court of Koblenz has dismissed the charges against seven managers…
Shareholders get nothing after bankruptcy
Wirecard logo According to a judgment by the Munich I Regional Court, Wirecard shareholders are left empty-handed in the event of insolvency. (Photo: dpa) Dusseldorf, Berlin According to a judgment…
Elizabeth Holmes has been in prison for more than 11 years
Elizabeth Holmes The former founder of Theranos faces up to 20 years in prison per charge. (Photo: Reuters) new York It is a comparatively harsh sentence: the former founder of…
Adler Group is negotiating with bondholders
Apartments by Adler in Berlin The Adler Group is under a lot of pressure. (Photo: SZ Photo) Dusseldorf, Frankfurt According to financial circles, the highly indebted real estate group Adler…
Bafin tears apart Adler Real Estate’s financial statements
Adler Real Estate The real estate group Adler is in a crisis. (Photo: imago images/Achille Abboud) Dusseldorf, Berlin Doubts about the balance sheets of the troubled real estate group Adler…
Bafin tears apart Adler Real Estate’s financial statements
Adler Real Estate The real estate group Adler is in a crisis. (Photo: imago images/Achille Abboud) Dusseldorf, Berlin Doubts about the balance sheets of the troubled real estate group Adler…
Bafin tears apart Adler Real Estate’s financial statements
Adler Real Estate The real estate group Adler is in a crisis. (Photo: imago images/Achille Abboud) Dusseldorf, Berlin Doubts about the balance sheets of the troubled real estate group Adler…
Raids in Austria, Liechtenstein and Switzerland
Florian Fritsch Conflicts between investors and their business partners have occupied the German courts for years. Authorities in Liechtenstein, Austria and Switzerland are now also investigating. (Photo: Wikipedia) Dusseldorf, Zurich,…
Fact AG is bankrupt
Ruhr Tower in Essen The office building is past its prime. (Photo: imago/Jochen Tack) Essen, Bottrop Hubert Schulte-Kemper (76) once dared to build on the moon. Now he has failed…
Next discount to creditors planned in the millions
Container ship off New York Almost half a million containers from the P&R stocks are still sailing the seven seas. The money they generate is to be distributed to the…
Ex-Wirecard boss Markus Braun has to answer in court from December 8th
Markus Brown Former Wirecard CEO Markus Braun led the Wirecard Group for almost two decades until it went bankrupt. He denies all allegations of fraud. (Photo: Reuters) Dusseldorf, Frankfurt Former…
Ex-Wirecard boss Markus Braun has to answer in court from December 8th
Markus Brown Former Wirecard CEO Markus Braun led the Wirecard Group for almost two decades until it went bankrupt. He denies all allegations of fraud. (Photo: Reuters) Dusseldorf, Frankfurt Former…
The Berlin public prosecutor is investigating those responsible
Steglitz roundabout Little has happened on the Berlin construction site recently. (Photo: Nagel/Handelsblatt) Dusseldorf, Berlin The Berlin public prosecutor’s office is investigating in several proceedings relating to the badly hit…
The Break with the Cum-Ex Master (Part 3)
Bonn Together they earned millions, separately they are now in court. Benjamin Frey didn’t look at Hanno Berger when he took the witness stand in Bonn Regional Court in early…
US jury finds Credit Suisse not guilty in foreign exchange scandal
CreditSuisse The major Swiss bank was accused of manipulating prices on the foreign exchange markets. (Photo: Reuters) new York In the scandal surrounding alleged manipulations on the foreign exchange market,…
Goldman Sachs wants to merge investment banking and trading
Goldman Sachs lettering Cost overruns and failure to meet profitability targets in the consumer lending business had created dissatisfaction within the bank. (Photo: Reuters) new York According to the Wall…
Shareholders are suing Adler over the planned sale of apartments
Construction site of Adler Real Estate in Berlin Apartments are to be sold to reduce debt. (Photo: imago images/IPON) Dusseldorf A group of shareholders of Adler Real Estate AG has…
Bafin executive director Béatrice Freiwald has to go
Beatrice Freiwald The lawyer has long been considered a shaky candidate in financial supervision. (Photo: Bernd Roselieb/BaFin) Frankfurt The financial supervisory authority Bafin is separating from its executive director Beatrice…
Deutsche Bank settles $26 million in US lawsuit
Deutsche Bank Plaintiffs accused the bank of overly lax supervision of ultra-rich customers. (Photo: Reuters) new York Deutsche Bank agrees in legal dispute with investors to pay a settlement of…