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Violin Dealer Dietmar Machold Convicted of Embezzlement
German Dietmar Machold lived the high-life in Vienna as one of the world’s foremost experts on violins. But it was all a ponzi scheme. And Friday, an Austrian court convicted him of embezzlement and fraud. Aaron Schachter tells the sad tale.
Defendant German businessman Dietmar Machold arrives in handcuffs for the start of his trial for fraud and embezzlement at a court in Vienna September 19, 2012. Machold is accused of fraud in dealing in historic musical instruments including Stradivarius violins. REUTERS/Heinz-Peter Bader (AUSTRIA – Tags: BUSINESS CRIME LAW PROFILE)
REUTERS
German Dietmar Machold lived the high-life in Vienna as one of the world’s foremost experts on violins.
But it was all a ponzi scheme.
And Friday, an Austrian court convicted him of embezzlement and fraud. Aaron Schachter tells the sad tale.