For "Millionenbau"

Financial fraudster’s villa on Lake Wörthersee to be demolished

The stately property on Krumpendorfer Hauptstraße has stood vacant for years.(Bild: Evelyn Hronek)

Construction fences surrounding the property of financial juggler Wolfgang Auer-Welsbach already hint that the villa will soon be razed to the ground. But the same spot is set to become a new home for the wealthy once again. The “Krone” has the details. 

120 Hauptstraße in Krumpendorf: For many, a meaningless address. But for around 12,000 fraud victims, it’s a name they know all too well. That’s because it was from that estate that convicted million-euro fraudster Wolfgang Auer-Welsbach swindled his victims.