Munich: A small fraudster and mountains of gold – Munich

The public prosecutor is convinced that Ralf S. cheated lenders out of millions with stories of Libyan wealth from the Gaddafi era. He himself told the Chamber of Commerce about imponderables in Africa.

Ralf S. is sitting in the somewhat worn courtroom B 173 in the Munich Criminal Justice Center. But his thoughts are somewhere else entirely: with boxes containing 4.8 billion US dollars, gold treasures from Gaddafi’s time and adventurous stories from Africa about armed militias and men from the secret service. But can you believe that? The fact is that S. is a convicted, almost professional fraudster, and that he has taken millions from investors with stories about Gaddafi’s gold. Now he wants to make his own statement about the Libyan treasure before the Munich I Regional Court.

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