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Rene Benko Convicted of Insolvency Fraud, Sentenced 30 Months

By Drooid · Sep 22, 2026, 11:25 PM UTC · How we work

Summary

Story summary

Former tycoon Rene Benko, detained since his January 23 arrest, was convicted of insolvency fraud, raising his term to 30 months.
The Innsbruck State Court found him guilty of a €300,000 transfer to his mother to evade creditors.
He was acquitted of a €360,000 advance rent payment for an Innsbruck house lacking economic sense.
Austria's Supreme Court upheld the conviction and ordered a retrial on the second count.

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Story summary

Former tycoon Rene Benko, detained since his January 23 arrest, was convicted of insolvency fraud, raising his term to 30 months.
The Innsbruck State Court found him guilty of a €300,000 transfer to his mother to evade creditors.
He was acquitted of a €360,000 advance rent payment for an Innsbruck house lacking economic sense.
Austria's Supreme Court upheld the conviction and ordered a retrial on the second count.