The story of a German conman | DW Documentary financial history documentary

by FFFHgghfgjkjglkjLK



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 billion euros. Today, the conman himself can’t believe how easy it was to get away with a major fraud.

For years, banks and leasing companies paid entrepreneur Manfred Schmider money for machines that didn’t even exist. The more than 3,000 tunnel-drilling machines that were allegedly in use on construction sites around the world existed for the most part only on paper. There were no limits to the imagination of Schmider’s criminal mind. And everyone was blinded. Dubbed the “Sheik of Karlsruhe,” Schmider lived in the lap of luxury, showering his wife with 50-carat diamonds, collecting holiday villas and flying the ten kilometers to his workplace by helicopter.

Could authorities have stopped his scheme earlier if they’d investigated accounts of his fraudulent practices when they were first reported? Manfred Schmider was convicted in 2000 and spent years behind bars. Today he lives on Mallorca.

——————————————————————–
DW Documentary gives you knowledge beyond the headlines. Watch high-class documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary.

Subscribe to:
DW Documentary:
DW Documental (Spanish):
DW Documentary وثائقية دي دبليو: (Arabic):

For more visit:

Instagram:

Facebook:

DW netiquette policy: .

Images related to the topic financial history documentary

The story of a German conman | DW Documentary

The story of a German conman | DW Documentary

Search related to the topic The story of a German conman | DW Documentary

#story #German #conman #Documentary
The story of a German conman | DW Documentary
financial history documentary
See all the latest ways to make money online: See more here
See all the latest ways to make money online: See more here

You may also like

48 comments

Kevin Curry 27/09/2021 - 8:14 Chiều

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.

Reply
Margaret Cooper 27/09/2021 - 8:14 Chiều

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

Reply
T. B. 27/09/2021 - 8:14 Chiều

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

Reply
Rick Kan 27/09/2021 - 8:14 Chiều

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

Reply
Williams Johnson 27/09/2021 - 8:14 Chiều

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

Reply
Rita Marie Kelley 27/09/2021 - 8:14 Chiều

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!

Reply
Haddingtonian GCP 27/09/2021 - 8:14 Chiều

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

Reply
Max Tom 27/09/2021 - 8:14 Chiều

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

Reply
CUMBICA1970 27/09/2021 - 8:14 Chiều

Then again anyone's small fry compared to Madoff.

Reply
Relaxation Station 27/09/2021 - 8:14 Chiều

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!

Reply
1justice2012 27/09/2021 - 8:14 Chiều

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

Reply
Joseph Charles Colin - Time Priced Art 27/09/2021 - 8:14 Chiều

Its People like this that My Paintings Exist like they do

Reply
Ceesat John B 27/09/2021 - 8:14 Chiều

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

Reply
uta gordon 27/09/2021 - 8:14 Chiều

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

Reply
Daniel Vanvance 27/09/2021 - 8:14 Chiều

Unbelievable story even a billionaire

Reply
Usef Bhangal 27/09/2021 - 8:14 Chiều

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

Reply
Lebedev Alexander 27/09/2021 - 8:14 Chiều

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

Reply
Eloy Cristy 27/09/2021 - 8:14 Chiều

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

Reply
antoni monti 27/09/2021 - 8:14 Chiều

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

Reply
Bopanna Nanjappa 27/09/2021 - 8:14 Chiều

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

Reply
WAKEUPTOZOG 27/09/2021 - 8:14 Chiều

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 .

Reply
Sweet Peas 27/09/2021 - 8:14 Chiều

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

Reply
Do Cong Tuan 27/09/2021 - 8:14 Chiều

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

Reply
Peter_Pandemic 27/09/2021 - 8:14 Chiều

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

Reply
Holly IsAlwaysHopeful 27/09/2021 - 8:14 Chiều

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 💰!!!

Reply
Rick Tandron 27/09/2021 - 8:14 Chiều

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.

Reply
Rick Tandron 27/09/2021 - 8:14 Chiều

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

Reply
Rick Tandron 27/09/2021 - 8:14 Chiều

It's good to count on future sales, rather than past sales. Got it. The banks were delighted to lose their money.

Reply
Rick Tandron 27/09/2021 - 8:14 Chiều

Is this the kid with the moped?

Reply
Patrick Young 27/09/2021 - 8:14 Chiều

I can't get the scale of his doings I'll just stay where I am & keep my head down .

Reply
Napstone 27/09/2021 - 8:14 Chiều

See the way he smiles with a foxish smile that says “Oh how clever I was! I would do it all over again, but smarter” lol his body language and facial expression of a man that has absolutely no remorse or regrets lol😂😂

Reply
Napstone 27/09/2021 - 8:14 Chiều

“We were counting on future sales …” German Enron! 😂😂😂

Reply
Napstone 27/09/2021 - 8:14 Chiều

When DW and The Germans do a Documentary, boy do they do a documentary! You guys journalism is unmatched, unmatched by any other news outlet on the planet! 🙏👊👊👊

Reply
Patrick Roher 27/09/2021 - 8:14 Chiều

I would like to invest in the place where he eats.

Reply
Hanna Hanna 27/09/2021 - 8:14 Chiều

Madoff technique

Reply
Steve Maron 27/09/2021 - 8:14 Chiều

Have been into gold investment since 2018 and n no o much improvement compared to working with mr Andrew, just decided to get into Bitcoin it's been profitable than gold thanks to Mr Andrew steve FXT who's broker helped me to receive my profit every 10 days of trading

Reply
Boston deFranco 27/09/2021 - 8:14 Chiều

YOU WERE SELECTED BUT YOU UNSELECT YOURSELF…

Reply
chattycathydoll 27/09/2021 - 8:14 Chiều

Conmen succeed by presenting a grand image and so the other 'important figures' want to be associated with them. It's bravado catering to ego.

Reply
Daily Life 254 27/09/2021 - 8:14 Chiều

He got a smart mind, scamming a bank is not for the dumb. Only smart minds do this😂

Reply
missy mason 27/09/2021 - 8:14 Chiều

Ponti

Reply
missy mason 27/09/2021 - 8:14 Chiều

Omg

Reply
missy mason 27/09/2021 - 8:14 Chiều

You farked people lives…families. economy.

Reply
missy mason 27/09/2021 - 8:14 Chiều

He not scientists

Reply
missy mason 27/09/2021 - 8:14 Chiều

How was it paid back

Reply
missy mason 27/09/2021 - 8:14 Chiều

Just a man…..?

Reply
missy mason 27/09/2021 - 8:14 Chiều

Thats crazy…

Reply
missy mason 27/09/2021 - 8:14 Chiều

Why?

Reply
missy mason 27/09/2021 - 8:14 Chiều

Oil

Reply

Leave a Comment