After the alleged billion fraud at the bankrupt container company P&R, the office of the public Prosecutor in Munich has charged the I indictment against company founder Heinz Roth. The 75-year-old Manager of commercial fraud in 414 cases, with a loss of almost 18 million euros, as the chief Prosecutor Hans Kornprobst said. It had therefore been considered only a small part of the "huge investment" of 3.5 billion euros.
Roth is the key figure in one of the largest fraud cases in the post-war German history. The total damage exceeds the charges come cases by far. The investigators have resorted to the conscious awareness of a unique part of the allegedly the largest investor fraud in German history, to be quickly finished: 270 investors, which were brought to 17.9 million euros. Chief investigator Kornprobst reasoned that with the complexity of the procedure and expeditiously. Roth sitting since September 2018 in custody. P&R had offered the rental of containers as an investment, a total of 54 000 customers had invested.
Roth has no control over his assets
The investigations of the insolvency administrator Michael Jaffé is that it was the Container-Investments to a considerable extent, to fictitious transactions, with Nearly two-thirds of the allegedly rented 1.6 million containers had not even existed in the first place. Roth self-estimated his personal assets, according to a report by the P&R-the insolvency administrator on 10 to 13 million euros. The founder of the company, however, has no control over his assets, since December, only the insolvency administrator will have access to it.
The bruised investors of the container company hope, however, that a portion of your money back. You will receive in the year 2020 initial payments. How much can get 54 000 customers of its 3.5 billion euros, is difficult to foresee.
P&R had sold through various companies for more than 40 years of shipping containers as an investment, especially private investors, who benefited from purchases of Rent and Refund. At the latest by 2010 had developed the P&R to a snow ball system, in which investors with a new syndicated money was paid out. From the beginning of March 2018, all companies of the group filed for bankruptcy finally. As an insolvency administrator, Jaffé took over in the spring of last year, the business was already as good as no money left.