German company cheats famous US investor, cons out €643m
Shortpedia
Content Team
Image Credit: shortpedia
A German company is under investigation for fraud after allegedly conning the famous US investor Warren Buffett into paying extra €643m for its business by Photoshopping company orders and invoices. In February 2017 a unit of Buffett’s Berkshire Hathaway Inc had paid £715m to buy Wilhelm Schulz, a family-run manufacturer of stainless steel based in Krefeld, western Germany which was at risk of bankruptcy in reality.
