Austrian Robin Hood ready for jail over bank loan row

In an ongoing battle with the Austrian Financial Market Authority (FMA) over crowdfunding the shoe entrepeneur Heini Staudinger has said that he will not back down and he is prepared to go to prison.

Staudinger believes that businesses should be independent from bank loans and freed from debt. Since 1999 he has been able to collect 3 million euros from family, friends and customers, providing them with suitable interest rates and reliable repayment. As security, Staudinger has two warehouses worth 4 million euros and a further two in construction.

Read More at Austrian Times



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