Most recently he lives in Dubai and Bali. On Wednesday he returned to his home in Carinthia. But probably different than expected.
Started at 9:20am Klagenfurt Regional Court one of the greatest trials the country has ever experienced. The focus is on the 26-year-old young man, considered the mastermind of a perfidious fraud network.
Pyramid Game
He and seven other defendants (up to 48 years old) have been on trial since Wednesday serious commercial fraud, money laundering, chain or pyramid schemes like this criminal organization responsible. Only one of the men has a criminal record. Six of them are natives of Carinthia and two are Tyrolese.
The mega-trial will last months.
➤ Read more: “Klagenfurter Gang”: the country’s biggest fraud trial begins
You should even 40,000 victims with the construction of the company “EXW Wallet” in just two years 14 million euros made everything easier. This is the sum that goes into this Economic and Corruption Prosecutor’s Office (WKStA).
As? Apparently with the promise of high profits through investments by the injured parties in real estate projects, in trading with the existing cryptocurrency, but also with the self-created cryptocurrency “EXW.-Token”.
Mentor without a high school diploma
The main defendant, aged 26, appeared before a judge Claudia Bandion-Ortner well dressed in a blue suit, open casual white shirt and perfect center parting. He doesn’t have a high school diploma. “So you learned everything yourself on the job,” Judge Bandion-Ortner summed up with discreetly dark glasses.
According to his own statements, he recently worked as head of marketing for an online bank.
False earnings on the internet
Why didn’t the deceived people suspect? Because the defendants would have regularly informed them about their huge earnings on fake internet platforms. Investments there grew 0.3% per day. Everything is beautifully illustrated with colorful graphics. There were also high-priced events designed to keep victims happy.
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The indictment is 300 pages long and 150 witnesses will be called in the coming months. The judge presides Claudia Bandion-Ortner.
In fact, the 26-year-old is unlikely to see Dubai and Bali for long: he will face the threat of being convicted if convicted 10 years in prison.