Overview

• Landgericht München I confirmed the verdict as legally binding after neither the prosecution nor the defense filed an appeal before the deadline.
• The court sentenced Schuhbeck to four years and three months in prison for insolvency concealment, fraud and intentional bankruptcy, incorporating his earlier tax evasion conviction.
• Execution of the sentence is suspended on medical grounds as Schuhbeck undergoes cancer treatment outside prison under Bavarian law.
• Insolvency administrator Max Liebig reports that creditors have filed claims of about €27 million against Schuhbeck’s collapsed enterprises but expect only limited recovery.
• The plea deal reached before trial set the sentencing range at four to four years seven months after Schuhbeck admitted guilt and issued an apology.