Case 26: Juergen Schneider (Germany, 1994)

• Prof. Dr. Klaus Henselmann
• Dr. Stefan Hofmann

Up to the year 1994, a number of scandals over mismanagement and fraud emerged in Germany, but the “Schneider case” was by far the biggest. The case is linked to an exceptional bank scandal. In the 1980’s, Dr. Juergen Schneider managed to obtain credits for a number of inadequately secured projects. The banks were bluffed by his clever behaviour as a serious and important businessman. It also appeared that they were seduced into taking the risk by the promise of big profits. The scam ran for several years before collapsing and casting Schneider under the suspicion of credit fraud, fraudulent invocation of bankruptcy and tax evasion. He was therefore wanted by the police worldwide. The widespread deception by Juergen Schneider and his accomplices, as well as the scale of the collapse, caused a public outcry about the often cozy relations between big banks and big clients.

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