WeRe Bank

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The Ravensburger District Court on Monday rejected an appeal by a Ravensburger businessman. Thus Judge Axel Müller confirmed the judgment of Ravensburger District Court , which sentenced the man for attempted fraud in two cases to 50 daily payments of 30 euros. Judge Muller imposed the same penalty.

The man, born in 1959, had tried to settle tax liabilities with city and tax office totaling nearly 10,000 Euro with so-called "promissory notes". "PromissoryNotes" are a kind of promissory note or bond. Issued this had a company based in England, which represents itself as the Internet banking and "Were Bank" lists, but does not have an official license for banking operations. For 25 pounds filing fee and £ 10 monthly membership fee, this company promises a guarantee amounting to 150,000 pounds, to demand without interest or collateral for it, and gives the customer a deposit period of ten years. Behind the "Were Bank" plugged obviously only one man: Alan Peter Michael Smith aka "Peter of England", investigating the two German prosecutors. Several financial supervisors warn of the "Were Bank" and their "Promissory Notes". In his ruling Judge Müller invited those present to try, but to pay the "Promissory Notes" times at the bakery and he asked the question open in the room, whether because the defender also accept a "Promissory Note" as a fee. The convict stated in financial matters to be understood as consumer protection and to act as financial advisor for 28 years.

Judge Muller was convinced that the man would have the warning about "WERE Bank" of his research must perceive and argued that it was he - as financial advisors - should have recognized that "Promissory Notes" of "Were Bank" not as cash are and that just have an indication of the surprise good conditions must be that the "were Bank" something was wrong.

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