Cartrader ApS only lasted two months. Yet the man behind it now faces 8 years in prison for embezzling millions of kroner.
Cartrader ApS was not a viable business. Instead, there is much evidence that the man behind it embezzled millions of kroner.
In any case, entrepreneur Magnus Kjoller said last year that he had filed for bankruptcy because he felt cheated out of millions of kroner. Tax is also among the creditors.
And it could be expensive for the man behind the car dealership with an address in Aalborg. According to Magnus Kjoller, the penalty in such cases is up to 8 years in prison.
Nordjyske also writes that the car dealer faces many years in prison if convicted. Magnus Kjoller himself believes that he was tricked into believing in 'a house of cards made of toilet paper' through false documents. All cards for Cartrader ApS fell apart.
Due to a large loan from the entrepreneur, for which the car dealer is personally liable, he was declared bankrupt in bankruptcy court in April last year.
The car dealer also has a relationship with at least one other company from Aalborg that went bankrupt just six months before he allegedly defrauded the authorities and Magnus Kjoller of the large sums of money. Read more about it here .
When the case regarding Cartrader ApS reached bankruptcy court, the car dealer could not answer where seven Teslas worth more than 2 million Danish kroner had gone.
Today, the 28-year-old car dealer is charged with gross fraud. And here the criminal code is very clear. In cases where the fraud has been of a particularly serious nature, the penalty is up to 8 years in prison.
