Economy & Politics

Parties, luxury cars and an elephant: the S&K fraud scandal

“We love our money,” shout Stephan Schäfer and Jonas Köller and repeatedly run through their faces with a thick stack of 500 euro bills. It shows a private video published by Spiegel TV from the early days of the S&K Group – S stands for Schäfer, K for Köller. With their group of companies, the two have probably brought 11,000 investors for a total of around 240 million euros.

They are said to have squandered a lot of it on their dissolute lifestyle. Because the video is characteristic of Schäfer and Köller’s ostentatious lifestyle: They celebrated notorious parties, for which an elephant and zebras are said to have been brought in, they pose in front of luxury cars or surrounded by models

Tags

Related Articles

Back to top button
Close
Close