2 ms·
They were probably attempting to weasel their way out of it by raising extra cash (which they did recently) and stuff like that. However at some point their law
by mrich 6y ago
They were probably attempting to weasel their way out of it by raising extra cash (which they did recently) and stuff like that. However at some point their lawyers probably told them they will go to jail unless they come clean now so they did. What I don't understand is why nobody has been put in pretrial custody up to now.
- woodpanel 6y agoI may be falling victim to Braun's non-existing aura, but I wouldn't be surprised if it was one of his buddies capitalizing on his trust. It was repeatedly bemoaned that in the case of WDI, a blue chip prime standard stock, worth more than any German bank (as of yesterday morning) was managed like a Mittelstand family business. It is really weird that WDI's management board was almost completely staffed with former fellow students (or people who are affilliated with people he knew) from Austria, people who often outside of WDI had no job experience. In the best case this is just due to unicorn-growth. In the worst case, they are all in this together. Probably, it is something in between, that they we're unfit for the big game and one/some of them took advantage of it.