On 02/03/2011 started before the District Court of Würzburg trial against the initiator of the fund-K1, Helmut Kiener. According to indictment, Mr. Kiener fraud and forgery in 35 cases in 86 cases and other crimes are attributed to him.
Kiener said to have harmed thousands of investors with the K1-fund. "We fear that was operated at the K1-fund a pure pyramid scheme, if the suspicion is substantiated, we should a sentence 7-12 years would be expected for Mr Kiener," said BSZ eV-trust lawyer Dr. Walter Späth, MSc, Rohde & Spaeth lawyers. "Evidence to the Contrary is of course the presumption of innocence. "
It was probably now also to more arrests against several officers.
Kiener made at the hearing any information regarding the remaining funds. "This confirms our assumption that a successful claim for compensation to investors only through the combined action against banks, life insurance, the respective promoters as well as from other responsible persons will be possible," said Dr. Spaeth.
as Member Firm "K1 International Bar alliance in case" of the member firms of from Germany, Austria, Switzerland and Liechtenstein is, has Dres Rohde & Spaeth from Berlin now filed the first complaints against several promoters of K1 equipment from various courts in Germany, by the BSZ eV-confidence Dres Rohde & ; Spaeth now prepared the first complaints against other officers. "We are now relatively confident, even against those responsible are the mediators and Mr. Kiener submit themselves to successful action," said BSZ eV-trust lawyer Dr. Walter Späth, MSc, from the BSZ eV-confidence Dres Rohde & Spaeth " However, this was always the risk of so-called priority be observed, ie, first come, first served, as the available funds are unlikely to be sufficient to satisfy all claimants, "said Dr. Spaeth. "Especially against a bank, we will make in the coming weeks for damage claims, we are further forced precautionary measures, eg in the form of forced assurance mortgage, engage, more to come."
A fast approach could pay off so
Global Certificate is the "International Bar alliance" in the case of K1 a great success for an investor of the X1-Global Certificate succeeded Life in the Vienna life insurance in Liechtenstein invested their money in the form of a life insurance policy had, which was coupled to the X1 Global Certificate.
The X1 Global Certificate has been in the liquidation of K1 virtually worthless, the investor, however, had from the beginning planned to invest the money in the X1-Global-guarantee certificates, which at maturity on a 100% - cent capital guarantee from Barclays Bank have.
Vienna Life After refusing to exchange the securities for the investor, the BSZ eV-confidence Dres Rohde & Spaeth from Berlin in cooperation with a law firm in Liechtenstein in common under German law, a mediator desire in Schaan, Liechtenstein filed, which is required upstream of a possible action in Liechtenstein.
only in the context of this agent negotiation in Liechtenstein drew the Vienna Life life insurance, a finally and pledged to help to exchange the securities of the investor, so that the investor now instead of the worthless X1 Global Index Certificates X1 Global warranty certificates in its custody, holds the 100%-owned by a capital guarantee at maturity have (Leitschein the intermediary of the Office Schaan 22.12.2010, file no 2010/085). "We are delighted with this great success for our client," said Dr. Walter Späth lawyer from the Registry Rohde & Spaeth, who has lodged at Rohde & Spaeth charge of the process "and will soon make further claims against Vienna Life contends, because we accuse Vienna Life, not to be their due diligence with regard to the K1-fund sufficiently."
K1 concerned investors may participate in the community of interest BSZ eV K1 .
photo, lawyer and legal counsel BSZ eV Dr. Walter Späth
photo, lawyer and legal counsel BSZ eV Dr. Walter Späth
BSZ ® federation for social and civil rights consciousness eV
Lagerstr. 49
64807 Phone: 06071-9816810
Internet: http://www.fachanwalt-hotline.eu/
This text is the contribution from 6.3.2011 again. Possible future changes of the facts are not considered
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