Machold Rare Violins
Business
The owner-managed Machold Rare Violins, based in Bremen was the world leader in the trading of old string instruments.
The company was founded in 1861 in Neukirchen Mark as violin factory. Holders was born in 1949 and once at Castle Eichbüchl at Katzelsdorf (the castle was sold in the course of bankruptcy proceedings ) live Dietmar Harry Joachim Machold. Machold had offices in Vienna, Zurich ( violin Machold GmbH and Cadenza AG), Alpnach ( Bomalu AG ), Bremen, Berlin, New York City, Aspen, Chicago, Seoul and Tokyo and traded among other violins by Stradivari and Guarneri del Gesù.
2001 Machold Rare Violins has sold a violin by Guarneri del Gesù for 1.6 million U.S. dollars to a group of sixteen investors. In spring 2007 Machold redeemed for the sale of four Stradivari over 10 million euros.
Bankruptcy proceedings
Personal bankruptcy
On 22 October 2010 Dietmar Machold initiated reorganization proceedings with self-administration a about his private fortune. The self-administration in the process Machold was revoked by the court on December 1, 2010. A creditors' committee was appointed on December 29, 2010, the court, the procedure was changed to a bankruptcy case. The closure of the company has been positioned on February 4, 2011.
Company bankruptcy
On 29 October 2010 Dietmar Machold initiated reorganization proceedings with self-administration of his company a fortune. For this, the self-administration on 23 November 2010, he was deprived by the court. On 21 December 2010 the closure of the company has been located and changed the procedure in bankruptcy proceedings.
The indebtedness was reported to KSV at € 80 million.
Arrest
On 16 March 2011 Dietmar Machold was arrested in Zermatt ( Switzerland ). He is accused, among other things misappropriation and heavy commercial air scam. In December 2011, Dietmar Machold was delivered to Austria and placed in custody.
Process
On September 19, 2012 began at the Vienna Regional Criminal Court trial of Dietmar Machold. Beside him, his ex-wife, their mother, as well as a musician and former business partner Machold are accused of aiding and abetting fraudulent bankruptcy offense. On November 9, 2012, the 63 -year-old was convicted by jurors Senate for embezzlement and fraudulent bankruptcy for six years, his ex- wife and caused their mother to one year. All decisions are not yet final.