It was years ago and almost forgotten, but far from worked up. Numerous municipalities and also federal states, in particular Lower Austria, have sunk money with pyramid games and scrap papers. In Hartberg, a green city council has brought the money that they have been lost.
Almost 20 years ago, Hartberg sold the Municipal Spaarbank for 64 million euros to the first bank and destroyed money in this law because the bank was twice as much, says ex-green chef Werner Kogler, a Hartberger himself. 40 million of them wanted to be worked for the city, instead they fell into the billion dollar fraud of the US financial juggler Bernard Madoff and sank a lot of money. The mayor saw himself as a victim of the financial crisis, but it was not entirely as shown now.
The Hartberg municipal council Christoph Wallner actually managed to get 98 percent of the money back years later. “Money does not disappear. Everyone who believes it is a bit naive,” said Wallner. It only changes the owner. Countless kick-back payments were divided into the Madoff system. Due to persistent research in the American judiciary, it was possible to get 98 percent of the loss of $ 663,000.
Heavenly research work by the American authorities
“Some things last so long and I never thought I would say that. I am grateful that the American judiciary works well” and there was a Madoff victim from which the compensation was paid. The latter only pulled the line at the end of 2024. Wallner worked with the American authorities.
ÖVP Lager Austria keeps speculation secret
The Greens demand information from the lower Austrian ÖVP, which has also sunk millions in dubious channels. The State Company in State Management Fibeg also invested 40 million euros from Madoff and bought further toxic effects of a total of 800 million euros, De Groenen said. However, it has not yet been clear to what extent the funds were reduced, the Lower Austrian Green Club chairman Helga Krismer criticized.
For years she received ‘patent answers’ from the former Finance State Council and later National Council President Wolfgang Sobotka, said Krisma. With an investigation at the Finanz State Councilor Ludwig Schleritzko (ÖVP), the Green State spokeswoman tries to re -examine which fund has been invested and to what extent efforts have been made to repay the lost money. She finally wanted to draw a “double conclusion” under the cause, but the construction under Sobotka should finally be presented transparently.
It is about “saving what needs to be saved and investigating what should be investigated,” says Kogler, who has a good insight into dubious banking activities, because he was in the Hypo investigation committee for the Greens.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
