Cevdet Caner

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Cevdet Caner (born July 29, 1973 in St. Pölten , Lower Austria ) is an Austrian entrepreneur .

Career

Origin and youth

Cevdet Caner is the youngest of seven children. The Kurdish-Turkish family moved to Linz in 1983 , where Caner first attended secondary school in nearby Haid and later the grammar school, which he graduated from in 1994 with the Matura . During this time he was active in youth politics and was u. a. elected as state school spokesman for Upper Austria. He then took up a degree in business administration , which he broke off after starting his company Call and Logistics Center (CLC).

Caner was chairman of the Socialist Youth Austria (SJÖ) Linz for two years .

Entrepreneur

In 1998 Caner founded Call & Logistik Center GesmbH (CLC) and became its managing director. 2000 founded the first private Caner directory assistance in Austria, which was operated by CLC. Shortly afterwards, Caner acquired the Vienna call center dmb, which was twice as large and has been in existence for 15 years . In 2001 he brought the CLC to the Vienna Stock Exchange . This year the CLC had a turnover of 34 million euros. CLC then took over the much larger call center group Camelot with six locations in Germany. The CLC Group employed 1200 people at that time. In the next three years, the share experienced a drop in value from five euros to 26 cents. In late 2002 Caner sold his shares in CLC and left the company. At the end of 2004, CLC AG, now owned by Bluebull AG, initially filed for insolvency and ceased operations a short time later.

In 2004, Cevdet Caner founded the real estate service provider Level One . The holding's tax seat was on the Channel Island of Jersey . In May 2005 the Falkenberger Viertel in Berlin - Hohenschönhausen was acquired. The second property in Leipzig on Walter-Markov-Ring followed in the same year. By 2008 the portfolio had grown to around 28,000 residential units with a total value of 1.5 billion euros.

According to its own information, the Level One Group achieved a profit of around 130 million euros in 2006, compared with around 80 million in 2007. In September 2008 the real estate company filed for insolvency for its German property companies after the banks placed Level One under receivership in August 2008. At that time the group consisted of more than one hundred and fifty companies all over Europe. a. in Jersey, London, Linz and Germany. Around 20,000 apartments and 500 commercial properties, mainly in Berlin and eastern Germany, were affected by the bankruptcy.

Level One's creditors include Credit Suisse , JP Morgan , the Royal Bank of Scotland and British companies. Credit Suisse approved Level One loans totaling 1.3 billion euros and helped Caner build his real estate empire without having any major equity of his own. At the time of bankruptcy, Credit Suisse still held 300 million euros after a large part of the loan portfolio had been securitized and sold to investors. Credit Suisse was also the mezzanine lender of 130 million euros and the leading bank for Level One's planned IPO in March 2007. With debts of 1.5 billion euros, Level One is considered the largest real estate bankruptcy after Jürgen Schneider , who left the banks with debts of 6 billion DM in 1994.

On November 19, 2018, the trial against Caner and five other defendants began before the Vienna Regional Criminal Court . The public prosecutor accuses them of serious commercial fraud, fraudulent crime and money laundering.

Individual evidence

  1. ↑ a b c derStandard.at: From Linz Young Sozi to Real Estate Shark February 12, 2009
  2. ↑ a b nachrichten.at: Real estate bankruptcy: "Will not impoverish" February 11, 2009
  3. ^ WirtschaftsBlatt: New in Business ( Memento from May 28, 2007 in the Internet Archive ) June 23, 1998
  4. ↑ pressetext.at: Telekom directory assistance gets competition ( Memento from May 23, 2005 in the Internet Archive ) November 21, 2018
  5. ↑ WirtschaftsBlatt: CLC boss on the IPO: "Nur nicht hudeln" February 24, 2001
  6. ↑ wienerboerse.at: new listings: CLC AG (English)
  7. ↑ WirtschaftsBlatt: CLC wants to "take" Camelot completely February 7, 2002
  8. ↑ Public exchange offer by CLC AG to the shareholders of CAMELOT tele.communication.online. AG  ( page no longer available , search in web archives )  Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Toter Link / ww2.bafin.de  
  9. ↑ finanznachrichten.de: Ad hoc service: CLC AG November 21, 2002
  10. ↑ Pressetext.at: CLC AG before the end , November 16, 2004
  11. ↑ a b Format 7/09: Real estate affair: How the 35-year-old Cevdet Caner from Linz put down Germany's second largest real estate bankruptcy. February 13, 2009
  12. ^ Morgenpost.de: Housing investor runs out of money on September 11, 2008
  13. ↑ Welt Online: Giant bankruptcy on the German housing market , September 10, 2008
  14. ↑ Handelsblatt: Level One scandal is getting bigger September 19, 2008
  15. ↑ Handelsblatt: Real estate group Level One broke , January 28, 2009
  16. ↑ boerse-express.com: Austrian Cevdet Caner causes problems for Credit Suisse , February 8, 2009
  17. ↑ Format.at: "If a hedge fund manager puts two billion in the sand, nobody asks about" February 15, 2009
  18. ↑ Financial Times Deutschland: Level One will not be sold ( Memento from January 31, 2009 in the Internet Archive ) January 29, 2009
  19. ↑ "145.2 million euros cheated": Fraud trial against the Linz bankrupt from November 19. Oberösterreichische Nachrichten , November 12, 2018, accessed on November 18, 2018.
personal data
SURNAME Caner, Cevdet
BRIEF DESCRIPTION Austrian entrepreneur
DATE OF BIRTH July 29, 1973
PLACE OF BIRTH St. Pölten , Lower Austria