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DE: Biggest security transport co. insolvent-fraud


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(Not primarily coin related, but it's news about money, so ...)

 

The biggest German cash/security transport company, the Heros group, is in insolvency. Seems that several employees embezzled about 300 million euro from Heros customers. The police are investigating; so far four people have been arrested.

 

http://news.yahoo.com/s/ap/20060220/ap_on_...os_bankruptcy_2

(English)

http://www.ftd.de/ub/di/49733.html

(German)

 

Heros and its more than 20 affiliates like Securitas or NordCash had a market share of about 50 percent in Germany. So if you are in DE and don't get your cash from your bank's ATM or a store's cash register in the next few days, you know why.

 

Christian

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