Axel C. Krieger

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Axel Constantin Krieger (* 1969 ) is a German manager who was CFO of freenet AG and who is now an entrepreneur from Switzerland who heads various companies. He has been convicted by the highest court of insider trading in shares in freenet AG.

Professional background

Axel C. Krieger was CFO of freenet AG from 1999 to 2010 and during this time he was involved in the strong development of the group. a. significantly involved through the merger of the brands freenet, debitel and mobilcom . He was considered a close confidante of CEO Eckhard Spoerr, who left freenet in 2009. After his departure, Krieger relocated his activities to Wollerau in Switzerland, where he a. a. runs Silver Eagle Trading AG, with which he invests in various industries.

Private

The German-born Krieger is based in Wollerau, Switzerland in the canton of Schwyz, a low-tax region in which many companies with a German background have withdrawn.

criticism

In the summer of 2004, Krieger made a very high profit by selling freenet shares. He is said to have foreseen an impending price loss due to poor business performance and thus illegally obtained an advantage. The Hamburg Regional Court saw it as proven that this profit from shares in his own company was based on inside information from the CFO and sentenced him to a fine of 300 daily rates (a total of 120,000 euros), which means that Krieger has a criminal record. Furthermore, an forfeiture of pecuniary benefits for the profit made from the sale of shares was ordered, whereby the court was to skim 700,000 euros from Krieger. Before the Federal Court of Justice, Krieger managed to reduce the levy to 324,000 euros, but otherwise the penalty remained the same.

In spring 2018 it became known that Krieger had acquired antenna infrastructure for the operation of VHF broadcasting from a subsidiary of his former company freenet AG, Media Broadcast GmbH . A subsequent escalation to massive price increases by him and other investors led to the specific threat to turn off radio broadcasting for 10 million Germans. The Deutsche UKW Infrastruktur- und Vermarktungs GmbH in Bad Kreuznach, managed by Krieger as managing director, is accused of being a pure mailbox company without employees or business operations.

Individual evidence

  1. ↑ Axel Krieger: Resignation of Freenet CFO raises questions - computerwoche.de. Retrieved May 9, 2018 .
  2. ↑ WORLD: Freenet boss Spoerr gives up surprisingly . In: THE WORLD . December 24, 2008 ( welt.de [accessed May 9, 2018]).
  3. ^ Silver Eagle Trading AG. Retrieved on May 9, 2018 (German).
  4. ↑ Natalie Gratwohl: Switzerland has good cards in the tax competition | NZZ . In: Neue Zürcher Zeitung . January 10, 2018, ISSN  0376-6829 ( nzz.ch [accessed on May 9, 2018]).
  5. ↑ Freenet: Spoerr and Krieger accused - manager magazin . In: manager magazin . ( manager-magazin.de [accessed on May 9, 2018]).
  6. ↑ Former Freenet managers have to pay less . In: Der Tagesspiegel Online . July 27, 2010, ISSN  1865-2263 ( tagesspiegel.de [accessed May 9, 2018]).
  7. ↑ Insider trading: fine for ex-Freenet boss - manager magazin . In: manager magazin . ( manager-magazin.de [accessed on May 9, 2018]).
  8. ↑ Thomas Heuzeroth: Radio: On Wednesday, there is a threat of end for VHF transmitters in many places . In: THE WORLD . April 5, 2018 ( welt.de [accessed May 9, 2018]).
  9. ↑ Jens Schmidt: FM radio stations are threatened with shutdown. Retrieved May 9, 2018 .
  10. ↑ VRM GmbH & Co. KG: Imminent antenna shutdown: Bad Kreuznach-based mailbox company is involved in VHF poker . ( Allgemeine-zeitung.de [accessed on May 9, 2018]).
personal data
SURNAME Krieger, Axel C.
ALTERNATIVE NAMES Krieger, Axel Constantin (full name)
BRIEF DESCRIPTION German manager
DATE OF BIRTH 1969