Michael Josten

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Michael Josten (* 1953 in Wuppertal ) is a German tax advisor and entrepreneur who was convicted in 2007 of breach of trust and favoring creditors . Josten gained notoriety above all as the former CEO and later supervisory board of Teldafax .

Life

Josten was a tax advisor and auditor in Landshut . After reunification , he became the CDU state treasurer in Saxony-Anhalt . In 1994 he resigned from this office due to a spy affair.

In the 1990s he built up the Secur-Finanz-Gruppe, which sold closed-end real estate funds, but collapsed in 1999. During the first investigations into the Secur-Finanz Group, he joined Teldafax, where he was at times partner , chairman of the board and supervisory board. In 2007, he was following the pyramid scheme Financial Group Secure the embezzlement in 176 cases and creditors favored by the Mannheim Regional Court sentenced to two and a half years in prison; the judges attested him "considerable criminal energy". Josten settled in Switzerland . In April 2010 he was extradited to Germany. He was in custody from June 2010 to August 2011. As an outdoor man , he continued to drive Teldafax. He was released on the basis of a "favorable social prognosis " attested by the Karlsruhe Higher Regional Court .

Individual evidence

  1. ↑ a b c Ex-boss Josten released before his sentence expires. Handelsblatt.com, November 7, 2011, accessed July 10, 2012.
  2. ↑ Little hope of money. Test.de, November 8, 2011, accessed July 10, 2012.
  3. ↑ a b Bayer sponsor Teldafax overindebted. Tagesspiegel.de, October 20, 2010, accessed on July 10, 2012.
  4. ↑ a b Debi Select in crisis - investors fear for their money. DVS German Consumer Protection Ring e. V. (Ed.), March 12, 2012, p. 2, accessed on July 11, 2012 (PDF; 149 kB).
  5. ↑ CDU man resigns from office . In: Berliner Zeitung , June 17, 1994
  6. ↑ Teldafax boss evades justice . Frankfurter Rundschau; Retrieved July 10, 2012.
  7. ↑ Manager Klaus Mangold advised Teldafax. Handelsblatt.com, November 25, 2010, accessed July 10, 2012.
  8. ↑ Jürgen Flauger, Sönke Iwersen: Teldafax giant bankruptcy: charges against the bosses . In: Handelsblatt . February 15, 2013, p. 3, 6 .
  9. ^ Justice farce in the Teldafax scandal. Handelsblatt.com, May 29, 2012; Retrieved July 10, 2012.
personal data
SURNAME Josten, Michael
BRIEF DESCRIPTION German entrepreneur
DATE OF BIRTH 1953
PLACE OF BIRTH Wuppertal