Sympatex criminal trial: Otto mail order family still in the spotlight
Stiftung Warentest provides a good and informative report on the start of the Sympatex criminal trial. You can read the details here: https://www.test.de/Mittelstandsanleihen-Erster-Strafprozess-im-Fall-Sympatex-laeuft-6228316-0/ The defendants had sought an agreement with the public prosecutor’s office, a so-called ‘deal’. Their aim was to secure prison sentences of less than four years. However, this ‘deal’ has failed for the time being because the court wants to conduct further investigations into the amount of damage. For now, the hearing of evidence will continue.
The focus remains on the Otto family of entrepreneurs from Hamburg. Not only is one of the defendants in the Sympatex criminal proceedings, Munich-based management consultant Dr Stephan Goetz, related by marriage to the Otto family: his wife Ingvild Goetz, née Otto, is the older sister of Hamburg-based company patriarch Michael Otto. In addition, several members of the Otto family were personally involved in financing the bond cut. This concerns Ingvild Goetz herself, her daughter Sarah Pisani and officials of Cura KG, the Otto family’s Hamburg-based family office. Although these members of the Otto family are not sitting in the dock, civil claims for damages by the aggrieved bondholders are still being considered and can still be enforced today. The SdK rightly points this out: https://www.bondguide.de/topnews/sdk-wittert-schadensersatzansprueche-fuer-ehemalige-inhaber-der-sympatex-anleihe/