Bank was generous

Mega loan for hotel despite fraud trial

Things are happening! A monster trial against several alleged million-dollar fraudsters has been going on for months at Klagenfurt Regional Court - but between the days of the trial, one defendant was very busy. Despite the serious accusations, he was able to buy a hotel. Externally financed, as he proudly announced. How does that work?

A brief summary of the charges against the eleven suspects: They are alleged, in various roles, to have defrauded more than 40,000 investors of their money with fraudulent crypto tokens. The EXW scam is said to have caused at least 20 million euros in damage - if not 100 million. But what's a few million up or down? One of the accused even bought a hotel during the trial. With a loan.