Infinus scandal

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The insolvency of Infinus AG is one of the biggest financial scandals in Germany. Around 22,000 investors were defrauded of around 312 million euros.

Together with Future Business KG (FuBus), the financial services provider Infinus AG, founded in 2000, had sold profit participation rights and bonds on order worth over 1 billion euros through financial advisors on the gray capital market . After investigations by the Dresden public prosecutor in November 2013, however, these turned out to be largely worthless. A pyramid scheme was used for sales , for which a complex network of companies was set up and operated to purposefully conceal company transactions. A targeted attempt was made to build trust among investors in Infinus AG and Future Business KG by presenting them together with public figures.

The shareholders' assets were confiscated in November 2013 due to the ongoing investigation.

The majority of the more than 40,000 victims were small investors, the total sum of the losses amounts to around 800 million euros. On February 3, 2014, the main accused, Jörg Biehl, filed for personal bankruptcy.

In May 2014, Infinus AG filed for insolvency at the Dresden District Court . In September 2014, further searches at ERGO and Gothaer Insurance followed in the course of the investigation.

In July 2015, the five main suspects, including former senior management, were charged with commercial fraud.

The current criminal case against the defendants before the Dresden Regional Court entered its third year in the summer of 2018, making it one of the largest and longest in German judicial history. On July 9, 2018, the Great Chamber of Commerce sentenced the founder of the parent company Future Business, Jörg Biehl, and four former executives to imprisonment between eight years and five years and four months for commercial gang fraud in particularly serious cases and capital investment fraud. Another employee received a prison sentence of four and a half years for aiding and abetting.

The judgment is not yet final, as all 6 accused have appealed to the BGH.

See also

Web links

Individual evidence

  1. ↑ Chronology of INFINUS scandal , Saxon newspaper
  2. ↑ a b Dresden Regional Court: Ex-Infinus-Manager sentenced to imprisonment , MDR, on July 9, 2018.
  3. ↑ a b broadcast on May 21, 2014 . In: plusminus . May 21, 2014. Archived from the original on May 23, 2014. Retrieved January 9, 2015.
  4. ↑ Damage proceedings against Infinus managers . December 15, 2014. Retrieved January 9, 2015.
  5. ↑ Photo of the company structure . Retrieved January 9, 2015.
  6. ↑ Money, greed, crooks - The case of the financial service provider Infinus (documentary) . In: YouTube . December 11, 2014. Retrieved January 9, 2015.
  7. ↑ Future Business Greeting . July 7, 2013. Archived from the original on July 7, 2013. Retrieved January 9, 2015.
  8. ↑ Federal Gazette of the Dresden Public Prosecutor's Office (PDF) January 31, 2014. Accessed January 9, 2015.
  9. ↑ Infinus: Main accused files personal bankruptcy . test.de . February 11, 2014. Retrieved January 21, 2015.
  10. ↑ Infius AG . Retrieved January 9, 2015.
  11. ↑ INFINUS scandal raid at Ergo and Gothaer wiwo.de, on September 12, 2014
  12. ↑ http://www.handelsblatt.com/finanzen/steuern-recht/recht/staatsanwaltschaft-dresden-eroben-anklage-infinus-skandal-kom-vor-gericht/12030596.html
  13. ↑ New doubts about the procedure of the public prosecutor (StB / RA Fuhrmann) kapital-markt-intern.de, on April 6, 2018
  14. ↑ Infinus: aftermath for the mammoth trial. Retrieved July 18, 2019 .