Ex-Wölbern Invest chief is jailed 8.5 years for embezzlement

By Marianne Korteweg 2015-04-20T00:00:00

Heinrich Maria Schulte, the former boss of German real estate fund management business Wölbern Invest, has been sentenced to eight-and-a-half years in jail for embezzling over €147 mln in funds which the company managed for its more than 30,000 investors.

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