Children german tycoon schlecker jailed fraud

You're referring to the Schlecker case!

For those who may not know, Schlecker was a German retail company that was founded in 1931 and was once one of the largest drugstore chains in Germany. However, in 2012, the company filed for insolvency and was subsequently liquidated.

The scandal surrounding Schlecker involved allegations of fraud and embezzlement by the company's former owner, Stefan Schlecker, who is the son of the company's founder. Schlecker was accused of misusing company funds and assets for personal gain, and of concealing the company's financial difficulties from investors and creditors.

In 2014, Schlecker was sentenced to 4.5 years in prison for fraud and embezzlement. He was also ordered to pay a fine of €10 million and to forfeit assets worth €100 million.

The case was significant not only because of the scale of the fraud, but also because it involved a prominent German business family and raised questions about corporate governance and accountability in Germany.

It's worth noting that the Schlecker case was not an isolated incident, and there have been several other high-profile cases of corporate fraud and embezzlement in Germany in recent years. However, the Schlecker case remains one of the most notable and controversial examples of corporate wrongdoing in the country.