For million-euro building

Financial fraudster’s villa on Lake Wörthersee to be demolished

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

Construction fences around the estate of financial juggler Wolfgang Auer-Welsbach already give an idea that the villa will soon be razed to the ground. However, well-heeled people are to find a new home in the same place. The "Krone" knows the details. 

Hauptstraße 120 in Krumpendorf: a meaningless address for many. But for around 12,000 victims of fraud, it is a household name. Because it was from this property that the convicted millionaire fraudster Wolfgang Auer-Welsbach ripped off his victims.