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Benko sentenced for diverting funds

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An Innsbruck court sentenced Austrian property tycoon René Benko to two years in prison after finding he diverted about €300,000 to his mother, thereby harming his creditors.

Reposted by Leonhard Dobusch

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orfdrei.bsky.social
Haftstrafe für #Benko: Wie es in der Signa-Pleite weitergeht, bespricht @wolfganggeier.bsky.social​ mit @delcheva.bsky.social​
​ („profil“), Geschädigtenvertreter Johannes Zink, Cornelia Wesenauer (Alpenländischer Kreditorenverband) und
@leonido.bsky.social​
(Uni Innsbruck)
#zurSACHE um 22:30 Uhr
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Verdict against Signa founder: Brief first trial for René Benko

The court sentenced the real estate entrepreneur to two years in prison. He is said to have harmed his creditors. This is just the beginning of what is likely to be a long series of lawsuits.

Verdict against Signa founder: Brief first trial for René Benko
Reposts 0 3h
Financial Times
Austrian property tycoon René Benko sentenced to two years in jail

A fraud trial is likely to be the first in a series of cases related to the collapse of the real estate group Signa.

Reposts 1 3h
Der Spiegel
Trial of René Benko: 'Having come to terms with the possibility that he could harm someone'

In Innsbruck, the failed real estate magnate René Benko must endure his first conviction. When the judge reads it aloud, he stiffens. But it could have been much worse for him.

Trial of René Benko: 'Having come to terms with the possibility that he could harm someone'
Reposts 2 3h
Frankfurter Allgemeine Zeitung
Benkos' star defense lawyer: A lawyer for the rich and powerful – but not only

The Austrian Norbert Wess is aware of his celebrity status. But alongside politicians and former billionaires, he also defends the poor in court. His client René Benko was nevertheless sentenced in Innsbruck to two years in prison.

Benkos' star defense lawyer: A lawyer for the rich and powerful – but not only
Reposts 0 4h
Frankfurter Allgemeine Zeitung
Benko's star defense lawyer: An attorney for the rich and powerful—but not only

The Austrian Norbert Wess is aware of his celebrity status. But alongside politicians and ex-billionaires, he also defends the poor in court. His client René Benko was nonetheless sentenced in Innsbruck to two years in prison.

Benko's star defense lawyer: An attorney for the rich and powerful—but not only
Reposts 0 4h
Neue Zürcher Zeitung
'Re René Benko was aware of every payment in his circle': Signa founder must go to prison for two years

The regional court in Innsbruck convicted René Benko over a transfer to his mother. It will likely take decades to fully work through the Signa affair.

'Re René Benko was aware of every payment in his circle': Signa founder must go to prison for two years
Reposts 0 4h
Der Standard
Almost everyone was at Benko

Politically, support for the Signa founder came mainly from the Black-Blue coalition.

Almost everyone was at Benko
Reposts 0 4h
Die Zeit
Trial against René Benko: One cent saves him from up to ten years in prison

René Benko has been sentenced to two years in prison for harming his creditors. A partial victory for the real estate entrepreneur, but it's only the beginning.

Trial against René Benko: One cent saves him from up to ten years in prison
Reposts 2 5h
Süddeutsche Zeitung
Verdict against real estate entrepreneur: Brief first trial for René Benko

The court has sentenced the real estate entrepreneur to two years in prison. He is accused of harming his creditors. This is only the beginning of what is likely to be a long series of trials.

Verdict against real estate entrepreneur: Brief first trial for René Benko
Reposts 0 5h
Handelsblatt
Comment: The Benko ruling is no badge of honor for the prosecutors

The Austrian prosecutors narrowly avoided an embarrassment. Their first indictment against the real estate investor almost went off the rails.

Comment: The Benko ruling is no badge of honor for the prosecutors
Reposts 0 6h
Handelsblatt
Real estate dealer on trial: 'Benko is a fighter' - Two years' imprisonment for the former billionaire

It was just a two-day trial—a small slice of the many investigations into René Benko. But it's the first verdict against the former billionaire.

Real estate dealer on trial: 'Benko is a fighter' - Two years' imprisonment for the former billionaire
Reposts 0 6h
Der Standard
René Benko sentenced to two years in prison

René Benko, the beleaguered real estate magnate and founder of Signa, was on Wednesday at Innsbruck's regional court convicted by a lay-judge panel of fraudulent conduct and sentenced to an unconditional two-year prison term. While he was acquitted in the matter involving a €360,000 prepayment of rent and operating costs, he was found guilty in connection with a €300,000 donation to his mother. The verdict is not yet legally binding.

René Benko sentenced to two years in prison
Reposts 1 7h
Handelsblatt
Insolvency case: René Benko sentenced to two years in prison

The trial against René Benko in Innsbruck ends with a verdict of guilty. The court found it proven that he diverted money before the insolvency. More trials are pending.

Insolvency case: René Benko sentenced to two years in prison
Reposts 0 7h
La Repubblica
René Benko sentenced to two years for fraudulent bankruptcy

The former Austrian magnate is accused of a €300,000 donation to his mother drawn from funds available to creditors.

René Benko sentenced to two years for fraudulent bankruptcy
Reposts 2 7h
Der Standard
A verdict of guilty, a verdict of acquittal: How did the ruling against René Benko come about?

A lay-judge panel of the Innsbruck Regional Court convicted the Signa founder of an unconditional prison sentence of 24 months. In a second charge, Benko was acquitted.

A verdict of guilty, a verdict of acquittal: How did the ruling against René Benko come about?
Reposts 0 7h
Corriere della Sera
Benko and the Signa collapse: the former real estate tycoon sentenced to 2 years for fraudulent bankruptcy

The Vienna verdict concerns a donation of about 300,000 euros to his mother during insolvency. He was acquitted of charges related to the prepayment of rent for a villa.

Benko and the Signa collapse: the former real estate tycoon sentenced to 2 years for fraudulent bankruptcy
Reposts 1 7h

Reposted by Leonhard Dobusch

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orfdrei.bsky.social
Schuldspruch für René #Benko:
Bei @wolfganggeier.bsky.social​ diskutieren heute Abend @delcheva.bsky.social​ („profil“), Geschädigtenvertreter Johannes Zink, Cornelia Wesenauer (Alpenländischer Kreditorenverband) und @leonido.bsky.social​ (Universität Innsbruck).
#zurSACHE um 22:30 Uhr in #ORFIII
1 2 6
Die Zeit
Austria: René Benko convicted in first trial of two years' imprisonment

In Austria, investor René Benko was found guilty of harming his creditors. In a separate matter, there was, however, an acquittal

Austria: René Benko convicted in first trial of two years' imprisonment
Reposts 4 8h
Handelsblatt
Ex-Real Estate Dealer: Two Years in Prison for Investor Benko

It was only a brief two-day trial—a small criminal slice from the many investigations into René Benko. But it marks the first verdict against the former billionaire.

Ex-Real Estate Dealer: Two Years in Prison for Investor Benko
Reposts 0 8h