Charges against a 45-year-old man for fraud involving an investment model for the hearing impaired
Dresden public prosecutor's office accuses Mann of fraud in 76 cases - causing damage of over 800,000 euros.
Quick Look
- The Dresden public prosecutor's office has brought charges against a 45-year-old for alleged fraud in 76 cases with an alleged investment model for the hearing impaired.
- He is said to have earned over 800,000 euros and used some of it to make a living.
AI-generated summary
Why It Matters
A 45-year-old man is said to have offered a fraudulent investment model specifically for people with hearing impairments.
A supposedly self-developed investment model by and for the hearing impaired: charges have been brought against a hearing impaired person for fraud in 76 cases. The 45-year-old is said to have offered the model over the Internet between January 2024 and the beginning of the current year, as the Dresden public prosecutor announced.
Accordingly, he promoted various packages and offers from the investment model and said that they were by and for people with hearing impairments. The 45-year-old marketed it with a promise of returns of up to 400 percent per month, as the public prosecutor announced.
Some of the money was used for living expenses
A large number of hearing-impaired people transferred money to the defendant's accounts. He used some of the funds amounting to over 800,000 euros for his living expenses and paid out around 140,000 euros directly to other investors. As it was said, the promised investment of the money did not take place.
The 45-year-old denies the allegations
The man was arrested on April 13 and has been in custody ever since, the public prosecutor's office said. The accused is accused of knowingly providing false information about profitable investments and the security of the investment. According to the public prosecutor's office, he denies the allegations.
The Dresden public prosecutor's office has now brought charges to the Grand Criminal Chamber of the Dresden Regional Court. The Dresden Regional Court decides on the admission of the charges and the opening of the main proceedings.
What to Watch
AI outlook — possibilities, not facts
The Dresden Regional Court decides whether to admit the charges.
Very likely · Within weeks
Open Questions
- When will the Dresden Regional Court decide whether to open the main proceedings?
- How much money can ultimately be returned to investors?