Die mächtigste «Seilschaft» des Staates

by Carlos Lombardi
http://rbentlarvt.blogspot.com.tr/2011/01/raiffeisen-fraud-in-austria-wolfgang.html

Raiffeisen Fraud in Austria / Wolfgang Zumtobel Theft

Austria is a nation dominated by"Modern-Day Robber Barons" (Walter Mayr, Corruption Scandals in Austria - A Web of Sleaze in Elegant Vienna, Der Spiegel, 13 Oct 2011), many of whom hang their hats at Raiffeisen.
CONFIRMATION BY CORRUPT BANK
"According to Raiffeisen Bank, in the last four years it has investigated atotal of 119 cases of internal and external fraud, as well as 182 cases of attempted fraud." (Liam Lever, Raiffeisen Bank uncovers fraud at regional branch in Romania, Romania-insider.com, 9 Nov 2012) So many of these involve the highly corrupt Raiffeisenbank im Rheintal run by Wilfried Amann and Wolfgang Zumtobel. (Zusammenschluss von Raiffeisenbanken, Volksblatt, 19 Sep 2011)

HIGHLY AUTHORITATIVE SOURCE

Der Spiegel is"Deutschlands führende Nachrichtenseite. Alles Wichtige aus Politik, Wirtschaft, Sport, Kultur, Wissenschaft, Technik und mehr." This magazine is Germany's top source of news and information. They provide you with all the important information from the fields of business and politics, among others. (Google Search Description)
"ORGANIZED ROBBERY"

"Raiffeisen Bank was helping a number of Russian banks illegally take cash from savings funds." (Austria leaves Russia’s major tax fraud case dead in the water, Russia Today, 14 Sep 2010,http://rt.com/news/prime-time/raiffeisen-magnitsky-hermitage-fraud/)
"According to Raiffeisen,
DR. ZUMTOBEL WOULD DO ANYTHING TO MAKE A QUICK BUCK
the branch manager and employees are implicated in a number of offenses, including embezzlement, forgery, use of forged document, as well as complicity in these acts." (Liam Lever, Raiffeisen Bank uncovers fraud at regional branch in Romania, Romania-insider.com, 9 Nov 2012)
TOP AUSTRIAN POLITICIAN KNOWS WHAT'S GOING ON AT RAIFFEISEN

Peter Pilz is "the spokesman for the Green Party". He explains that "What has happened in this republic is nothing short of organized robbery".(Walter Mayr, Corruption Scandals in Austria - A Web of Sleaze in Elegant Vienna, Der Spiegel, 13 Oct 2011)
In addition to illegally taking money from savings accounts, Raiffeisen has also been implicated in some serious,

criminal insider trading scandals. (Raiffeisen says was only passage for Global trades, Reuters, 20 Sep 2011)
REPUTATION TOOK A MAJOR HIT
You can't be involved in this volume of illegal activity without word getting around. And it did. Raiffeisen started to get a bad name in the community.
So, what kind of solution did management contemplate? Perhaps repay stolen money?

A legitimate business would. But that's not how Dr. Zumtobel does business.
TRIES TO SOLVE PR PROBLEMS BY CHANGING NAME
He decided to change the name of his outfit. To "Raiffeisenbank im Rheintal". This sort of ethics is "aprime example of the "moral decay" in the country". (Walter Mayr, Corruption Scandals in Austria - A Web of Sleaze in Elegant Vienna, Der Spiegel, 13 Oct 2011)

And this is the latest trend in Austria -- to have a "CEO of a publicly traded company whosays that he doesn't know what "breach of trust means in legal terms.""(Walter Mayr, Corruption Scandals in Austria - A Web of Sleaze in Elegant Vienna, Der Spiegel, 13 Oct 2011)
"Is Austria really "Europe's boil," as the late Austrian novelist Thomas Bernhard once scoffed? Has the Alpine republic become an open buffet, plundered at will by members of the nouveau riche gone amok?" (Walter Mayr, Corruption Scandals in Austria - A Web of Sleaze in Elegant Vienna, Der Spiegel, 13 Oct 2011)

The answer to this question is easy. His

operation has fronted criminal deals for the Red Mafia. Not to mention a long-time tradition of criminal money laundering.As top Mafia expert Jürgen Roth puts it:Austria has a culture of illegality - ""Sie haben hier in Österreich eine Kultur der Illegalität, die den Balkanstaaten sehr nahe kommt" - comparable to what you find in the Balkans. (Jürgen Roth cited in Pilz: "Österreichische Politik hofiert Mafia-Paten", Die Presse, 23 Jun 2011)
RELATED READING:

Red Mafia Boss Semion Mogilevich "Does Business" at Raiffeisen Bank
Italian Mafia Money Laundering at Raiffeisen Bank
Wolfgang Zumtobel's Accomplices - The men behind the front:
Wilfried Amann
Gernot Erne
Semion Mogilevich
Anton Rein
Dr. Heinz Grabher
Josef Bayer
Dr. Heinz Egger
Gebhard Hämmerle
Dr. Egbert Hinterauer
Mag. Rudolf Kleinbrod
Betr.oec. Ingrid Köb-Berchtold
Mag. Michael Kubesch
Ing. Armin Schwendinger
Dr. Ralph Vetter
Striessnig Harald
Mario Matschnig
Wolfgang Gruber
Christine Moser
Hollenstein Anneliese
Tieber Johann Mag.