Friday, February 18, 2022

A Crime Story

 Kinda funny, and you have to see where this goes.

So, as Focus tells the story....there was this supervisor of Stadtwerke Bad Belzig (over in Brandenburg, eastern part of Germany).

He had access to the funding of the energy company.

At some point, he took around 22.5 million Euro, and used it as a gambling-like deice....on the national energy exchange.  None of the money....would appear to be personally spent on lavish items (at least not yet).  

At various times when cheaper rates of power/natural gas came up....he apparently didn't have the cash to buy at the cheaper rate.

The company today?  Totally failed.

Court trying to figure out what happened?  Yeah.

The fact that no one in the company grasped the amount of the risks?  Well....that begs questions as well.

The mayor of the local town also connected?  Oddly enough.

Legal and investigative work to take a minimum of a year?  Just looking over things....it'll take that long to detail this for a court to hear the case.

Just an incompetent guy?  It's hard to say that anyone in this whole thing was really grasping what they were doing, or supposed to safeguard.  

My humble guess is that the Bundestag will eventually reach a point where they mandate national audits every single year, and have some commission to monitor each energy company.  

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