Linked by Thom Holwerda on Wed 4th Apr 2007 21:29 UTC
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Member since:
2007-03-12
If Bernd provided statement to Magnussoft saying he had the right to produce and sell Zeta. And if Magnussoft kept copies or has signed agreements with Bernd to this effect, then Magnussoft can go after Bernd legally ( and will if they can gain from it ).
Bernd Korz has a nice big house and a share in a print business, and that's got to be worth money. He seems to have a lot of fingers in many pies so there might be even more assets worth seizing. Apart from the Barlow Clowes and Robert Maxwell fraud cases, this reminds me of the Polly Peck affair, where Azil Nadir build up a business, ended up fleeing to Northern Cyprus, and the assets were picked clean. In this case Magnussoft seem to have a direct dealing with Bernd Korz, not a shell company like YellowTab, so this might lead somewhere interesting.