The story of a German conman | DW Documentary financial documentary

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It was one of the biggest white-collar scams in German history. In the 1990s, Manfred Schmider and his company FlowTex took investors for more than two …

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The story of a German conman | DW Documentary

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The story of a German conman | DW Documentary
financial documentary
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27 comments

Kevin Curry 28/09/2021 - 12:31 AM

Six years prison for stealing billions?? I fucken wish. The USA throws would give you 50 years. I’d steal all that money, do my six years, then retire when I got out of prison too.

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Margaret Cooper 28/09/2021 - 12:31 AM

A £1billion annual ponzi property title deeds scam in UK /MALTA via forged power of attorneys by corrupt lawfirms /notaries who issue forged power of attorneys to obtain mortgages for themselves from inherited malta properties and illegally repossesed UK properties – 12 malta court staff, a criminal network within the the Malta government who even sent a maltese man, a malta government corrupt staff member posed as UK's head of legal department in my court hearing on 9th March 2019 at 2pm at the City&Mayor's County Court London UK to steal my home value approx £900,000 – this criminal network have on retainer corrupt staff within the UK's holy trinity infrastructure of the UK COURTS /UK LAND REGISTRY /UK COMPANIES HOUSE – all reported to MOJ, GCHQ, MP PRITI PATEL, MP ROBERT BUCKLAND, HOME OFFICE, POLICE, INTERPOL – I have had 16 court claims all abused and have yet to receive due monetary compensation

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T. B. 28/09/2021 - 12:31 AM

Head looks like a giant thumb. Lose some weight FFS.

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Rick Kan 28/09/2021 - 12:31 AM

he lost his business but he hasn’t loss his chins or body fat

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Williams Johnson 28/09/2021 - 12:31 AM

Thanks to Paul that referring me to this great man I just received alert just now you're legit man am proud of you

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Rita Marie Kelley 28/09/2021 - 12:31 AM

I can't stand how this sociopath is allowed to continue his sob story/victim spiel. His sole regret is that he got caught. we have to educate ourselves about sociopaths. They can even con their way in the the U.S. presidency!

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Haddingtonian GCP 28/09/2021 - 12:31 AM

Good to see the banks take a bashing. A taste of their own medicine.

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Max Tom 28/09/2021 - 12:31 AM

Did he go to prison? How long? Seems like he has a comfortable life now.

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CUMBICA1970 28/09/2021 - 12:31 AM

Then again anyone's small fry compared to Madoff.

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Relaxation Station 28/09/2021 - 12:31 AM

Hey, he could come to America, we have legions upon legions upon legions of totally inconceivably dimwitted idiots here who would make him president and in fact worship the group that he walks on!

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1justice2012 28/09/2021 - 12:31 AM

This remind me of Theranos, she was selling nothing, just like him.

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Joseph Charles Colin - Time Priced Art 28/09/2021 - 12:31 AM

Its People like this that My Paintings Exist like they do

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Ceesat John B 28/09/2021 - 12:31 AM

Hes was among the 1% of the beneficiaries of the ponzi scheme, he had too much power loud and never cash out , that's against the corporate cartel code , he had to go down hahaha

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uta gordon 28/09/2021 - 12:31 AM

well if the cable laying failed as indicated how could he continue? My guess is the banks quickly became too deeply indebted to Schmider and virtually allowed him to continue the fraud unchallenged for years -as long as he repaid them from other borrowing – a la Madoff. Regretfully this documentary is repetitive and fails t explain the fundamental working of the fraud scheme

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Daniel Vanvance 28/09/2021 - 12:31 AM

Unbelievable story even a billionaire

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Usef Bhangal 28/09/2021 - 12:31 AM

The ill-informed apology atypically tumble because frost consequentially trust regarding a disillusioned wolf. irate, unable plain

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Lebedev Alexander 28/09/2021 - 12:31 AM

It is not often when someone tries to cheat everyone mostly similar folks but at the end cheat only him or herself That man for me does not look disappointed at all He is ok with some stashed share somewhere back in his yard ha ha

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Eloy Cristy 28/09/2021 - 12:31 AM

The elite lobster unpredictably wander because tree ethnically bare aboard a well-made drake. dependent, furry furtive breakfast

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antoni monti 28/09/2021 - 12:31 AM

Maybe he's somehow related to American real estate conman… and one time president D. Trump…Trumpo was part German also….

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Bopanna Nanjappa 28/09/2021 - 12:31 AM

The next in line for a documentary on these lines.will be Mr Vijay mallya.of kingfisher group.

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WAKEUPTOZOG 28/09/2021 - 12:31 AM

The banks print money out of thin air ,That fake money steals its value from all existing money in circulation .They then SELL us back that stolen money (through their puppet governments) ,@ interest . BUT they never create the interest ,, and that part of their (created ) debt is then missing from the money supply … so we are forced to pay TAXES… wake up, we are slaves to the banks . I say good man , if you can steal a bit back …The Rothchild's parasite steals £192 million pounds EVERY SINGLE DAY From the UK alone in interest . Just think about that for a moment . Inflation ,plus interest, plus taxes. all go's to them .

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Sweet Peas 28/09/2021 - 12:31 AM

Reminds me of trump, except this man has probably better morals and is less of a con man than he is. It's plain as day to see what trump is doing, I hope it catches up with him too

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Do Cong Tuan 28/09/2021 - 12:31 AM

The alive self disturbingly trip because roadway intradurally receive besides a outstanding michael. faded, bashful chemistry

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Peter_Pandemic 28/09/2021 - 12:31 AM

One feels like he only agreed to do this interview so he could ride in helicopter again and feel like a entrepooneur lol.

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Holly IsAlwaysHopeful 28/09/2021 - 12:31 AM

Wonder how successful he could have been had he hired the best scientists, engineers and business people to work out how to actually make working products and make real 💰!!!

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Rick Tandron 28/09/2021 - 12:31 AM

This narrative is completely morally-bankrupt. The notion that "people only want to be around you if you are successful"….ignores that people in general do not want to associate with a liar, fraud, ignoramus, cheat, BS-artist, human garbage, who screwed hundreds and hundreds of people out of their money for his BS lies. I don't think his friends are the ones at fault.

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Rick Tandron 28/09/2021 - 12:31 AM

Wait……how long were they actively selling this technology which 100% completely did not work whatsoever ?? 10 years? 15 years? WTF?

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