Darmstadt (dpa/lhe) - In the trial against the former managing director of the insolvent gold dealer PIM, the accused is to be heard this Friday (9:00 a.m.) before the Darmstadt Regional Court. After the hearing, the hearing of evidence could possibly be closed after almost two years. After that, only two days of negotiations on November 1st and 8th are scheduled. The charge against the 51-year-old is serious fraud. It's about millions of dollars in damage.
PIM Gold GmbH from Heusenstamm in southern Hesse is said to have concluded supply contracts with customers including bonus promises for gold from 2016 to September 2019, but then failed to fulfill them. Interest is said to have been paid out with the money of newly recruited customers according to a kind of pyramid scheme. The 51-year-old former managing director has been in custody since September 2019.
