The former chief executive officer of a defunct investment bank became the first top boss to be sent to jail for his role in the sprawling
Ex-Maple Bank GmbH CEO Wolfgang Schuck, 69, was sentenced to four years and four months by the Frankfurt Regional Court, which also convicted three colleagues on Monday. Schuck was fined €96,000 euros and had 2.9 million euros in assets seized.
“You were in charge, it hinged on your decision whether the trading strategy was implemented,” Presiding Judge Werner Groeschel told Schuck when delivering the verdict. ...
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