Self-proclaimed 'King of Germany' jailed for fraud | Inquirer News

Self-proclaimed ‘King of Germany’ jailed for fraud

/ 11:40 AM March 16, 2017

Self-appointed "King of Germany" Peter Fitzek arrives for his trial at court in Halle/Saale, central Germany, on March 15, 2017. The court sentenced Fitzek to three years and eight months for breach of trust and illicit banking business. / AFP PHOTO / dpa / Hendrik Schmidt / Germany OUT

Self-appointed “King of Germany” Peter Fitzek arrives for his trial at court in Halle/Saale, central Germany, on March 15, 2017. The court sentenced Fitzek to three years and eight months for breach of trust and illicit banking business. AFP

BERLIN, Germany — A German court on Wednesday sentenced Peter Fitzek, the self-declared “King of Germany”, to jail for setting up an illegal bank and embezzling up 1.3 million euros of deposits.

Fitzek had installed his “kingdom” on the site of a former hospital in the eastern city of Wittenberg in 2012, and crowned himself sovereign.

ADVERTISEMENT

He had also illegally set up a bank that he operated between 2009 and 2013.

FEATURED STORIES

Around 600 people banked with him, entrusting him with deposits totaling around 1.7 million euros ($1.8 million).

But prosecutors said Fitzek embezzled 1.3 million euros of the deposits for his own use.

Sentencing Fitzek to three years and eight months in prison, presiding judge Ursula Mertens noted that no proper accounting exists of the sums handled by Fitzek.

“Over the years, you’ve muddled along and taken a lot of money,” said Mertens.

“Your investors now have nothing because nothing was hedged,” she added.

Dressed in a blue shirt with a logo of his “kingdom”, Fitzek interrupted the sentencing, shouting “joke”, “scandal” and “lies”.

ADVERTISEMENT

Some 20 of his “subjects” who were following the proceedings also made catcalls. One man was eventually escorted out of the courtroom.

Fitzek argued that he had spent the missing funds for the good of his community.

But Mertens retorted: “You, Mr Fitzek, have done nothing for the common good. You have used the money on yourself.”

Fitzek has been in and out of court, including for driving without a licence. He argued that his kingdom had issued the permit.

He has also been convicted of illegally running a health insurance service.

On his website koenigreichdeutschland.org Fitzek says he has also issued his own currency since 2007 called Engelgeld (Angel Money).

Germany’s domestic intelligence service view Fitzek as part of the far-right “Reichsbuerger” or “Citizens of the Reich” movement which rejects the legitimacy of the German republic.

Once dismissed simply as crackpots, the Reichsbuerger movement is being seen as an increasing threat after several members opened fire on police in recent months.

Domestic intelligence service chief Hans-Georg Maassen has said the “Reichsbuerger scene” of activists and sympathisers was now thought to number about 10,000, including 500-600 right-wing extremists and 700 with gun licences.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Fitzek denies being part of the movement. CBB/rga

TAGS: fraud, Germany, News

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.