A Vienna court has heard how a man that even prosecutors described as the most famous stringed instrument expert in the world used his reputation to fiddle millions from his clients. Dietmar Machold married a woman 27-years younger, bought a romantic fairy-tale castle and filled his garage with a fleet of VIP cars to impress […]
Tag: bankruptcy
The world’s biggest ever musical-fraud court case against a leading expert on Stradivari who lived in a castle and had a fleet of luxury cars including two Rolls-Royces gets underway in Austria today (Wed). The reputation of 62-year-old German-born Dietmar Machold was so well regarded that he was allowed to value the instruments and give […]
Austrian prosecutors have filed charges against the world’s leading expert on Stradivari who lived in a castle and had a fleet of luxury cars including two Rolls-Royces with what is believed to be the world’s biggest ever musical fraud. The reputation of 62-year-old Dietmar Machold was so well regarded that he was allowed to value […]
Rasinger blamed for A-Tec disaster
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Mirko Kovats has harshly attacked Wilhelm Rasinger over the bankruptcy of A-Tec Industries AG (A-Tec). The industrial company – which consists of various affiliates operating in the raw material sector, the creation of factories and the production of tools – was founded by Kovats. It had to open insolvency procedures last year. The controlled bankruptcy […]
Garden furniture maker goes bust
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More than 120 people may lose their jobs due to the bankruptcy of an Upper Austrian company. The Oberösterreichische Nachrichten (OÖN) newspaper reports today (Thurs) that Acamp will soon start a final clearance sale. The paper claims all measures to keep the firm afloat have failed. Acamp, which specialises in manufacturing garden furniture, filed for […]
Job concerns as wood firm goes bust
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Dozens of employees fear losing their jobs as a Carinthian wood industry business filed for bankruptcy.St. Veit an der Glan-based Vito asked a court in Klagenfurt to start controlled insolvency procedures today (Tues), according to the Creditors Protection Association of 1870 (KSV). KSV said Vitos debts range around 5.2 million Euros. The association also announced […]
More building sector businesses go bust
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The number of construction industry companies opting for controlled insolvency is on the rise, figures presented today (Tues) show.The Austrian Creditors Protection Association of 1870 (KSV 1870) said 204 building firms went bust in the first three months of this year, around 31 per cent more than in the same time span of 2010.Only some […]
Upper Austrian haulier goes bust
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A shipping company founded only three years ago has filed for bankruptcy.The Creditors Protection Association (KSV 1870) said today (Weds) Parzermair RFE – Sondertransport und Logistik GmbH (Parzermair) had debts of around 4.3 million Euros. KSV 1870 added that the haulier, which is based in Schwanenstadt in Upper Austrias Vöcklabruck district, currently employed 35 staff. […]
The number of bankruptcies declined by nearly six per cent year on year in 2010, it has been announced.Creditreform, an Austrian association for the protection of creditors, said today (Mon) that officials handled 6,657 cases of broke companies last year. It said this was a 5.9 per cent decrease compared to 2009 figures. Creditreform added […]
Vorarlberg’s MH Elektrotechnik goes bust
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An Altach-based electrical engineering company has asked officials to start bankruptcy proceedings in a bid to continue doing business after having its finances restored.The Federal Creditors Protection Association (KSV 1870) announced today (Weds) that authorities in the province of Vorarlberg started checking the finances of MH Elektrotechnik GmbH which has debts of around 1.6 million […]