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back to article Danish IT chief 'on the run', suspected of fraud

Interpol is seeking the missing boss of a bankrupt Danish IBM reseller IT Factory, who is suspected of frauds totalling $85m. Local police are also investigating a brutal attack on a reported business partner of Stein Bagger days before his disappearance. Danish daily Berlingske Tidende reports that Bagger left his wife last …

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The truth

He's actually been set up by the BOFH.

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Happy

sounds like bagger bating

sounds like bagger bating

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Have after. To what issue will this come?

Something is rotten in the state of Denmark.

...mine's the one with a skull in the pocket.

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And I Thought Danes Were Nice Folk!

Well, if he was hoping to get e short sentence based on this being a so-called white collar crime the attack on the business partner may have blown it big style.

Of course, growing your figures via some dodgy book keeping is a bit of a pastime in the UK. Azlan anyone?

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RE:The truth

£10 says they find him traped in a lift were the old Halon system appears to have been accidentaly re-activated and set off, and the CCTV tapes wiped at the same time.

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Where's mine

Ah tis the one with a pen in the pocket.

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Stein Bagger

...a stone blagger, then...?

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Boffin

*Where* is the company registered?

The last I looked, "Polynesia" is not a state - it's a region comprised of several independent states. You might as well say a company is registered in "Europe", for all the information that gives you.

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Anonymous Coward

It's registered in...

Niue - no, I didn't recognize that either... :-)

http://en.wikipedia.org/wiki/Niue

Polynesia is a bit more comprehensible, if not as exact.

And now a fight will break out among the hacks to get to go there and "research", I bet. :-)

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Stien Bagger

Any student caught stealing glasses at a German bar?

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No easy way out for him

"Well, if he was hoping to get e short sentence based on this being a so-called white collar crime"

A law professor has stated that he's looking at 6-7 years going by earlier cases. The assault could add perhaps 1 year to that (the partner didn't die - aggravated assault/attempted manslaughter at most) since sentences are served simultaneously in Denmark - it wouldn't matter all that much. He'd be out after 3 or 4 years anyway.

Of course, then there'd be the slight matter of a miffed partner - maybe mr. Bagger will need his contacts in Hells Angels after all. ;-)

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The chairman did not file for Bankruptcy until Monday

Corrected time line:

Thursday: CEO Stein Bagger disappears, Chairman Asger Jensby and his henchmen begin raiding the offices looking for anything suspicious.

Friday: Chairman still finds nothing suspicious in the offices

Saturday: Chairman still finds nothing but hears that the CEO has recently rented an extra office in a hotel next door. The office key is lying openly in the CEO's official office.

Sunday: Chairman searches the extra office and finds leasing contracts with fake chairman signatures and other revealing documents. Chairman estimates that at least half a billion kroner (about 85 million $) of past income is really debt to leasing financing banks.

Monday: Chairman files for immediate complete bankruptcy (no bankruptcy protection phase first). Chairman holds press conference at 11:00 am detailing the above time line and findings. www.itfactory.com redirected to dummy "gone bankrupt" page.

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